Doug better pull a Rabbit out of his hatLong time holder of MAI. bought back when it was .60c...
It has been a very long time holding on and it is becoming very hard to keep holding on.
I follow the discussion board on ceo.ca, where he regularily posts.
Things have gone south and things look bleek to say the least due to the politcal nightmare that they are facing in regards to getting their permits.
i want to do a little math so bare with me here and please feel free to correct me if i am wrong.
| monthly | quartely | yearly |
| ounces | revenue | ounces | revenue | ounces | revenue |
| 1 | $ 2,500.00 | 3 | $ 7,500.00 | 12 | $ 30,000.00 |
| 100 | $ 250,000.00 | 300 | $ 750,000.00 | 1,200 | $ 3,000,000.00 |
| 1000 | $ 2,500,000.00 | 3000 | $ 7,500,000.00 | 12,000 | $ 30,000,000.00 |
| 1500 | $ 3,750,000.00 | 4500 | $ 11,250,000.00 | 18,000 | $ 45,000,000.00 |
| 1666.666 | $ 41,666,666.67 | 5000 | $ 12,500,000.00 | 20000 | $ 50,000,000.00 |
is this accurate?
what blows my mind looking at this, is we have a company that at bear minimum are going to be pulling in 50 mil a year. from this one santana mine.
now obviously the hold up is the permits for santana expansion as well as the second mine cero d oro. so lets say that gets thrown out.
their third mine. la fortuna. already permitted. equipment basically ready to go.
That mine alone adds at minimum another 20,000oz a year to like 50,000oz? a year?
so add in another 50-100 mil from this second mine.
now, I am just speaking revenue, at those numbers.
i believe doug has mentioned multiple times that santana at these gold prices are looking at around $1000 profit per ounce.
so 20,000oz at $1000 profit = $20,000,000 minimum, a year from now.(if gold stays at $2500)
add la fortuna, another 20-50 mil profit. thats 40-70 mil profit a year.
they have 462,980,000 shares outstanding
so they can buy back all their shares at a dollar a piece to go private in like 7-10 year?
and they would still have their copper projects?
and still own la fortuna?
as my post subject says,
doug better pull a rabbit out of his hat and figure out a way to get this ship sailing in the right direction. because with the share price at 26.5c while im sitting here writing this, this has to be an illusion that i can not figure out.