rbs top five 100+ ounce producers, page-17

To show people just how undervalued TRY is lets forget about Andorinhas having production of 50,000+ oz/yr at cash costs less than US$600

It has been forecast that Casposo will have at least 80,000 ounces produced by June 30 2012.

80,000 x $1581 (inclusive of US$200 cash costs after Silver credits) = 126,480,000 Gross profit.

Approx 82 million NPAT

Add a very conservative P/E of 7 to that and you get a market cap of 574 million.

That is a share price of over $6.52!

Now include Andorinhas into that equation and I'm sure you get the full picture???

:)