RE:Share price after upgrade to 100 tpd
I'm not sure where you are getting a cost of $600 per ounce, which would be very good.
Also, you didn't include the extra shares that will be added when the private placement closes.
Your calculations are very rough, but it does give an indication of the very real potential of this company. My worry is that Don Wedman has failed to deliver on almost every front thus far, and seems to be a bit of a weak link. Granted, the BLM has been slow and frustrating, but maybe he is not treating them like they want to be treated.
He failed to get a mine licence for Silver Hart too.
Almost every high level investor in this space that we should listen to always emphasies one thing - management. This to me is one of the main reasons we are trading with such a miserable market cap.
All that said, I have faith in Don, and believe we have a multi bagger in the making.