gold production at $90 an ounce!!, page-5

Yaqona, let's think about the way many companies are priced - based on a PE of forward earnings.

Now while I believe gold equities will also be valued based on their in ground gold, as this gold bull gathers a head of steam gold equities when valued on a PE of forward earnings will in my view not be valued a 5 or 10 PE of forward earnings but higher.

Now when you start doing calculations for TRY for a gold price well in excess of US$1000, as I am confident we will see in coming years, combined with a tight capital structure and substantial earnings I think price projections can be made which dwarf $8.00.

At a PE of 10 that is only 80 cents a share or $56 million.