RE:Still looks goodWith gold at $1670 US and projected 95,000 oz per year AU production, and $1000 US cost per oz, OTSO will have...
$213,000,000 CAD annual revenues
$85,000,000 CAD annual profit
Market cap today is about $14 million CAD.
For every $10 US increase in the price of gold, OTSO would make an extra $1.2 million CAD.
Companies like this right now are usually in the minimum $200 million market cap area or so, and likely higher.
If OTSO mine goes as planned, this is a 10+ bagger.
Only remaining issue is financing, and hopefully not much or any share dilution to get mine running. And gold price not plummeting.