Okay, a good presentation management, thanks. This is the reason I'm hanging around: Juruena production -- 40,000 ounces per annum, X 5years of production, X $500 profit per ounce ( that will be conservative I reckon). Equals $100M income over five years from the start of production. Not allowing for any increase in production to say 50K or whatever ounces per annum in the second or third year of production. Not bad for a company with a market capitalisation of $33M and that's not including the Borborema or Posse projects. Why then, is the MC so low? Because things are taking so long and there's another capital raising coming. People have lost confidence basically. Hopefully that will change soon
CAS Price at posting:
11.0¢ Sentiment: None Disclosure: Held
