Defabstar,
I just did a couple of calculations.
Very basic.
$40mln MC
1.4mln ozs @ $800 an ozs = $1.12bln
less $500 an ozs costs = $560mln in costs
= $560,000,000 Gross/Profit
Based on current .20 cents a share it would be closer to $2.80 a share.
I think also my figures are being fairly conservative.
Cheers markco2
cheapest gold stock or any stock 4 that matter, page-4
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