Adriano
you are correct probably have 1B shares on issue at sometime in the future. So 40 cents requires a market cap of 400M. I can easilly visualise Las lagunas producing 120,000 ounces with a 15 year mine life generating 50 to 60M profit plus at least one other project of similar size and life. That alone would easilly justify a 400M market cap.
The difference between me and you is that I am not focused on the next hour ,day or month. I am looking out 3,4,5 years from now.
Ann: Quarterly Report 30 September 2014, page-62
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