any holders out there?, page-8

welcome aboard hcd68. I reckon we are all in for the ride of your lives on this one.

I have been pondering on what the future price of this stock could be. As there isn't much to go by as yet we can only speculate as to the end result.

So if we buy our 20% in aqq, and the west africian lease produces as much as the small mine next door, we would have the following.

aqq 20% of 1 mill oz =200,000 oz
Africa 4.5 mill oz next door =4.5 mill oz
gives 4.7 mill oz

assume $500 an oz to produce
assume $400 an oz capex = 1.8 bill
gold price of $1400 oz

profit after cost of $500 an oz
$500 x 4.7 mill oz = 2.35 bill

Total shares on hand at start of production approx 750,000,0000

2.35/750,000,000 = $3.13 per share.

Yes the above is very rough and i would like someone that has a better knowledge in working future earning and share price to give their input.

So if i'm right off the mark, lets take 50% of that value,
that will give us approx $1.55

With current price of .13c = 1190% return.

I'm very happy with my .06c average indeed.