Plans to produce 300k a year and actually producing 300k a year...

Plans to produce 300k a year and actually producing 300k a year are two completely different things...I remember I used to hold SBM a few years back and they were producing about 100k or so a year with plans to produce 1 mill ounces a year with a 10 mill ounce resource by 2010...it didnt happen...and their SP paid as a result...

I reckon for a company only producing 100K a year...a valuation of a billion dollars is bloody decent. WHo knows what the gold price will be in 4 years time...the econominc apocolypse may have been averted by then...given the SP has gone up some 80% plus over the last 4 months or so...you might think the take over offer is fully priced in.