it certainly looks good and the numbers stack up for heaps of...

it certainly looks good and the numbers stack up for heaps of share price upside, however I wouldnt be doing your numbers using 303 million shares. I'd be conservative and double that at least to allow for future equity that will most definately be required. Nevertheless, OXR has shown that it can still go north with an abundance of paper. The company could quiet easily earn a couple cents per share just from gold, so really abn amros valuation of 30cents sounds achievable. But they are a long way off yet and havent even started building the facilities.

I like what i see so far and will be taking a closer look.

cheers
skippa