cost of plant

read someone here posting that it would only cos $1M, yet thought that AAM needs to pay about $2.4M for plant refurb etc... so maybe CVG will need up to about $3 to $5M tops to get into mining its 500tpa or about 25k oz Au per annum...

they have $3.5M cash, if they raised another $2M at 10c, that would give them $5.5M to get the plant, finish the feasiblity and drill out reserves... and shares on issue of about 75M + oppies... 25koz Au at $400 profit margin after tax is about $14M - into 75M shares at 10pe is about $1.8...

or will this stock not be taken seriously... think that it might be a cracker even at 5pe... 90cents...