some thoughts..., page-3

Karem i have earnings at

20000oz $18,000,000 profit ($400cost) $0.0132 EPS

So you pick a multiple on 1.3c per share ???

Add in the inground value currently 1/5th of other african based miners and you have a re-rate on the JORC. Then add the increase in the JORC by the new re-rated inground value.

Then add the manganese value ????????????????

then add the doubling of production for $3M (we now have $13M)

My hope is north of 20c, it will happen over a year but as long as they hit each milestone and they certainly have the cash and near term production to fund the growth.

Looking the goods.
Good Luck