Banks Island Gold Ltd BKSLF

RE:RE:RE:? for ME UBC

[bxju]

Thanks ME UBC, although it is a little odd that Mining Man has a much greater "what if" share price than you.

I do not normally disagree with you but I would think MM's # would be closer IF they were to produce what their target is

If 3500 oz a month, or 42k oz a year, I would think stock would be more than .17 and surely much more than .25 if 4500 oz per month? The original study showed something like 28k oz a year projected and had a pretty good IRR. This was originally to be a low cost mine, and obviously that has not yet been the case...but it would seem to me that if they could mine anywhere close to 42k oz a year, they would be out of debt and surely should be making at least $500 an oz profit or $21mm annual profit?  That is surely worth more than .17 a share isn't it?

No, my expectation is not 42k oz a year starting now, although that would be nice.  I just do not see where the .17 a share came from, when stocks like Goldquest, 3 years ago, went from about .05 to 2.00 just on 1 drilling news release and they were flat broke at the time and had no income potential for years?  Surely if BOZ went from 1500 oz a month to 4500 oz a month and stabilized there, share price would go much higher than .25 or why bother to hold it at .10?

just my thoughts....