RE:RE:Valterra Livramento Mine to start extracting ore today. Set expectations low in my mind and be 100% confident until those expectations are proven wrong consistently. 500 ounces a month, with a margin of $1000 per ounce would give them approx 6 million in free cash flow a year. I like the optimism but let's set expectations on the safe side with dreams on the high side (long term price targets 1-2 years). With production of 100 ounces a month this company is still undervalued in my mind. Not saying they cant do more off the start... maybe I'm just cautious on expectations and results. Price target in my mind is 20 cents by March 60 cents in 1 year. Hope I'm on the low side but there are alot of undervalued companies still today even after a big run up from March.