100000 x $2000 per ounce less production costs of say $500 per ounce(i can recall in one of JG roadshows this rough figure) = $150 000 000 per year profit plus copper which will be $10000 per tonne soon enough as the Chinese have started to buy it again.Interesting to note that the Chinese growth of 9.5% is mostly in the rural areas so the need for infrastructure building is paramount and we all know we need copper for that.AND STILL WE HAVE A MARKET CAP OF ONLY 30million.FAIRDINKUM strap yourselves in folks over the next 12-18 months.The other question is are we a takeover target at such a small cap
MYG Price at posting:
12.3¢ Sentiment: Hold Disclosure: Held
