I was crunching the numbers again with gold now at $454. It...

I was crunching the numbers again with gold now at $454. It appears they are saying that they will extract 4m ounces over the 21 year mine life. This gives a NPV on the project at $254m Add an extra $200m if gold stays at these levels. Equals $454m/21years = $21m p.a NPV. $21m x P/E ratio of say 20?=$400m

Current market cap at $137m plus throw in the BGFO options at brings market cap up to $180m.

BGFO exercise will fund balance of capex so no more dilution. Tell me if I am wrong but 30c - 40c for the SP looks very realistic to me within a few months. These numbers take no account of increasing resource or the Berringa field.