Fun with numbers....Let's say they can get to 150k ounces per year...lets say that the share count goes up to 250 million shares...and let's say gold is $1700 per ounce US in 2 years or so....
Just roughly....say their AISC is $700...that's a $1000 per ounce profit x 150k ounces or $150 million clams...What's that in earnings? .60 cents? Slap a 10x multiple on that and you have a $6 stock...give it a 20x PE and you have a $12 stock
Let's say they only get to 100k ounces.....That's $100 million in profit or .40 cents per share...at the same 10x multiple it's a $4 stock at a 20 multiple it's $8
Toss in some debt, dilution an aquisition, some extra expenses....even if the AISC was $800 they are still banking a $90 million per year profit. Be real conservative and figure on .25 cents per share profit....We're still headed for $2.50 minium to as much as $5 per share
What's the problem here? Patience....This is a serious wealth generator if they execute as planned. We're half way there with Goldboro....the rest is only going to get easier.