$2.50 close - raise the bat, page-11

Now that POG is holding and seemingly in stage 2 bull market, any holder out there with some spare time might like to revisit Keith Goode's research on SLR from June 2011. Have a play with the sensitivity analysis on page 11. It makes for fun reading.
My quick calc for 2012, if gold sales can achieve estimates and gold averages US$1800, which seems quite possible, comes out at a EPS for SLR of around 60cents per share. Additional grades etc would amplify that. what does that suggest about the share price? Someone else please do some calcs and let us know if this is correct.
Cheers all long term holders.
Paddyboy