Sarama is undervalued, page-8

I have been trying to do sums in my head this morning and thought I'd share.

Firstly, many thanks austrochris for sharing you conversation with Mr. Dinning

Easiest sum is that paying off the $150 million to build the mine infers profit of $225 million annually from the gold - austrochris, is this $US or $AUS

Working out life of mine with expected AISC in West Africa (and expecting mine build to be in $US) would put a conservative mine life with current inferred resource at 10 years. Obviously, there is optimism that the true resource could sustain a mine for 20 years.

So when doing sums in my head I've got the possibility of the $13 million AUS MC company producing within 5 years with over $200 million annual profit (is that $US or $AUS) with a paid off mine build and 10-20 years mine life.

This mine will happen, the main possible hold up could be funding the mine and to what extent shares get diluted along the way