back to full production

Full production is 100,000 ounces PA, the same as Dominion. That’s revenue of $90 million and potentially a profit of $20-$30 million. Assuming they will have 250 million shares on issue after the new shares are issued that gives them per share income of 10 cents. Yes my figures a vague and possibly high but these give BCD a nominal PE of 2.7. Assuming a PE of 10 is a fairer reflection of their risk, is $1.00 within 12 months unreasonable?
Am I missing something? What will stop BCD from going from leper to leaper?

From Mining News today
BEACONSFIELD Gold was one of the few mining plays keeping its head above water on the bourse this morning on news its namesake gold mine has returned to full mining activities.
This morning, shares in the company reached a high of 27.7c, a gain of 3c or 12%, before cooling to 26.5c.

Mining began in the western zone of the mine in December after Workplace Standards Tasmania accepted the Safety Case for the area and withdrew all mining restrictions.

A Tasmanian Government report in September this year concluded the April 2006 Beaconsfield mine collapse, resulting in the death of miner Larry Knight and trapping Todd Russell and Brant Webb for two weeks, was not entirely preventable and resulted from mining-induced seismic activity.

The report paved the way for full recommissioning of the mine, including mining of stopes in the western zone via remote controlled loaders.

The loaders will extract the ore in the western zone, ensuring workers are not present at the orebody during production. The company plans to extract 100% of the ore from the western zone via this method.

Beaconsfield chief executive Bill Colvin said the mine's workforce and the Australian Workers' Union were fully consulted on all aspects of the mine's recommissioning.

"There has been considerable support over a sustained period from the workforce, the Beaconsfield community, the Federal Government, the Tasmanian Government, and the shareholders of Beaconsfield Gold in order to reach this point and the same return of the mine to full production will be very welcome," he said.

Initial production began in April this year, almost a year after the mine catastrophe.

Later in the month, the company relisted on the Australian Securities Exchange after a self-imposed trading halt.

At the time of the collapse, Allstate Explorations owned 51.51% of the mine in a joint venture with Beaconsfield Gold.

Ownership was consolidated at the end of April this year, with Beaconsfield Gold holding an 86% stake in Allstate and a 92.7% equity in the mine at the end of the June 2007 financial year.

The Beaconsfield Gold mine is the Melbourne-based company's flagship project.