looking at buying, page-8

Wow decent overhang. 1.5mill just rolled in on the sell side at low of day 9.5c.

Just so Im on the right wavelength here. Marketcap of DRA is around $70mill or thereabouts. They are planning on producing 100K grams of gold per year (increasing baed on further exploration over time). At a spot price of $1000, that's $100mill a year. Costs are half that? So $50mill a year profit approximately? Any other significant costs? On a PE of 5 then that should make it $250mill marketcap, right? Give or take. So most conservative PE (which in my opinion is not realistic), thats 3.5 times its current PE.

Open to opinions, what have I missed?