Using a $400/oz estimate, I get figures that make my mouth...

Using a $400/oz estimate, I get figures that make my mouth water...

$1500/oz - $400/oz
= $1100profit/oz
* 1,900,000 Moz
= $2.09 billion profit

This is:
- From Mt Kare alone
- With no resource upgrades
- Assuming a gold price of $1500/oz (it's @ $1700/oz now and rising)

Am I missing something fundamental in those calculations...? For a company with a market cap of under 70mil, it seems to good to be true...


Note: I currently hold IDC.