RE:RE:Back of the Envelope CalculationI agree with your thinking. With gold at $1100 earnings look to be about 2.5 cents /share/year. At $1300 gold that rises to around $.04/year. The new mill should double production and those EPS numbers without adding the benefit of reduced milling cost.
So, if the gold price holds near these levels then potential earnings could be at the $.08/share level by year end. A multiple of 12x gets the stock value to $.96. One could make a case that the NPV (at 8%) would then nearly equal the market cap if this example pans out.
The gold newsletter gurus will be all over ABI in time - their subscribers being the first to get their opinion. That's a momentum builder likely to be unleashed, after the mill deal is closed and operational but perhaps sooner.
All my opinion - for what it is worth.