can someone please tell me...., page-2

let's say 110 million divided by 1.46 is 75 million shares and at 1000 dollars total expenses per oz leaves 400 net profit per oz times 1 million oz equals 400 million dollars nicely stacked in ingots....that is 5.33 per share net value.

We should be able to easily double that over the next few years so let's say the value per share over 10 years is 10 dollars per share or 1 dollar per annum that's a 68% return....not bad? Now what if the expenses aren't anywhere near $1000 or the price of gold in those 10 years doubled or......or....speculation , I know...but the one million oz in the ground is not speculation anymore.

It's not surprising then that Eurogold keeps buying........and hopefully...when the price has run down sufficiently...we will be and we should be buying our own shares.
Am I missing something?