Take Gold @ $800 per OZProduction ramping up to 10,000 OZ per...

Take Gold @ $800 per OZ

Production ramping up to 10,000 OZ per month, cash costs are at $495 per OZ, management are targeting a 10 to 15% reduction in costs, production costs should be trimmed to $450 per OZ, this leaves a net profit of $350 per OZ X 10,000. MON is completely unhedged, who knows what Gold will be if the US keeps cutting interest rates, Gold could reach $850.

This is a $3.5 million monthly profit, $41 million P/A.. Im not sure what sort of P/E MON should be on, what ever it is, multiply it by $41 million to get a market cap. At some stage the market cap must rise to be inline with future production