announcement due

One would have to think that there is an announcement due shortly judging by the interest in CNF over the past week or so. I was doing some calculations last night and if they only prove 400,000 oz of gold at a minumin the following would apply.

102m shares on issue after 26m cancelled
400,000 oz @ US$600 per oz $US240m
cost at say US$200 per oz $US80m
40,000 oz pa = $US16m pa revenue
PE of 8 would equate to a share price of app $US1.25 or $AUD1.65
PE of 15 share price of $US2.35 or AUD$3.10
Increase the oz in the ground and the gold price shares go higher.