Nicolelee
I gave an estimate for share price in 18 mths...by which time we will be ramping up to 22,000 tonnes. Hence the major error in your calcs. Also, I don't believe you are taking into account the option holders, which I am, they will be in the money hance bringing the valuation back to my stated calc.
I also stated the assumptions, you may not trust the assuptions or the opinion but you can trust the Math. I also do not believe we will ever see $30 again, the environmental costs for most mines are just too high.
regards
Kalenn
projected income and expenses , page-15
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