With a new resource estimate of 1.4m ounces and as I recollect about $450/oz cash cost, then at $1430/oz. gold we have 1.4m ounces at about $980/oz. for a resource life profit of about $1.4b. Would probably take at least 20 years so probably an annual profit of $70m. About 600m shares gives an eps of about 12c. A pe of 14 gives you a share price of $1.68. That would be our blue sky in about a year when they are in production. Can only dream but in probably a month the market should have a ballpark figure close to what I have suggested above, after the DFS. The risk seems minimal and should be able to hold on for the ride.
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