gold production at $90 an ounce ..., page-27

"My target price is well over $2.50 also. Not sure about $10, but you never know once the world decides to bail out of the US$ and get into gold..."

Possible scenario ahead:

w/Gold at $1500= AUS

new mine producing 60k oz @ $150AUS= $81M

Brazil producing 50k @ $600AUS = 45M

Sandstone 30k @ $1000 AUS = $15M

Total cashflow = 141M

less Tax = 94M profit

P/E of 7= 658

65M shares

658/65= roughly $10 a share.

All going well $10 isn't that pie in the sky at all.....but it will take a bit of time....$4 or $5 is probably a good target for starters.
There are other costs admin etc not included, but on the other hand Gold could go significantly higher as well.....

Don't forget the iron ore could also cashflow as much as the Brazil mine, but i haven't included that .