Good comparison. Yes your calcs do seem right except for one big error. The 40,000 oz does not take into account the latest discoveries yet to be quantified. I reckon by 3 years we could be closer to 80,000 oz plus pa. I don't want to jump the gun too much here on estimates, but I think the JORC will be at least 1 million oz without adding the ridiculous amount of high value targets identified by IRG scanning that need proving up.
On your figures which do look reasonable my $2 forecast is unrealistically low. I am not sure now what the figure will be. Brad Gordon wasn't wrong when he suggested we will become Tier 2 gold producers which puts us in the category of Evolution, Northern Star etc.. There is no doubt about it IMO this stock is going to fly! I just hope the price remains low into next year as I want to seriously beef up my holding about mid-year.
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