next week, page-2

With the impending resource upgrade, does anyone have any rule of thumbs for predicting the share price based on ounces of gold?

Generally I work off a cost of production for gold of $600 per ounce, less capital expenditure for plant etc at the begining.

With the possibility of using TAMs plant, the profit margin is alot higher with ABM.

However, if you follow this guide and multiply the POG -cost of production with the number of ounces and divide by the number of shares, the answer is quite staggering.

Of course, this doesnt account for the time value of money in which money produced a number of years down the track (which alot of ABM's revenue will be) is worth less when accounted for today.

So for a rule of thumb, is it better to use a low figure (i.e $100 per ounce profit) to take in account all of the above?

If ABM come back with a resource upgrade of 2.5million ounces, what would that do to the share price (best guess of course)

Cheers and good luck to all holders.