I was under the impression that it cost something like $800 ounce to produce gold (obviously there is a variation in that number). So at $1200 ounce you have $400 or so revenue each ounce. So he it talking $400,000,000 potential.
Yes very optimistic! but hey when your just talking potential. it's ok to dream. Plenty of other stocks that you hear lots of talk about theoretical potential with big numbers being thrown around.
