Ann: FINGALS FORTUNE - STILL GROWING, page-20

They have the first million ounces in sight. It is well proven and growing. Reserves just take more time with infill drilling but that won’t be a problem with these resources. Standing out like dog balls with the recent infill holes. Everything remains open all over the place. Other mining companies know what to look for outside of what the public think when it comes down to it.
If we assume the 1m Oz number after Xmas, we are trading at $75 per ounce in the ground. They still have $10m in cash. That won’t be the end of this resource expansion but rather the start imo. Bc8 is grading over 2g/t in Kal. That Is worth closer to $150 per ounce in the ground imo and if you can put this ore through your own plant, then a surrounding mill could make closer to $1200- $1500 per ounce profit. If we discount that even more, the stock is a bargain at $1.30 per share. Bc8 have outlined a conservative case for $1000 margins allowing for the mill cost so the numbers I’ve plonked up are not hard to see.
if we only allowed for half the resource to be mined (500,000) Oz, with $1000 margins, that is equal to half a billion in cash flow. That would pay a plant off in zippo time. That does not allow for the growing resource. We are capped at $75m with $10m in cash. It’s bloody cheap with this growth profile imo. Let’s see what happens next year. Dyor.