47 cents by weeks end, page-37

Well, look at it this way.... whats the downside? Stock has a market cap of about $30M diluted.

Currently has about $20M in Cash and Shares. Exercise of in money options bring in another $4M or so. So, it has assets of $24M.

So, if BIH, Sellheim, Uranium, Iron Ore are all duds.... still worth about 23c a share....

How much upside is factored in? Not bloody much IMHO.

Upside of BIH? The resource is fairly high grade, and 50,000oz is nearly worth $50M dollars....

So, even at a cash cost of $400oz, still leaves an upside of $25M a year profit (about 23c eps).... Could bring in $125M in clear profit.... Mine could also be extended... (width and depth).... Nearby fields to be drilled as well......

I look at upside vs downside.... much more upside than downside...