target

Average sale POG this quarter ~ 1400
26000 ounces
Total cash costs= ~ 700 (conservative)
Profit ~ 18 million for the quarter
Cash in hand after capital development expenditure ~ 20 million
Debt 65million

Gives us a PV for 2011 of approx 680million with a 10% discount rate (18*4/0.1 + 20 - 65) -although this is really an underestimate).

Shares on issue ~ 800 million (up to 1billion fully diluted, although this would add approx 85mill to our cash position).

680/ 800= 0.85c/share

For the full year
Total cash costs ~600
POG ~ 1500
Ounces ~ 120000

Gives- 1.35/share

I know people are saying there is a lot of frothing at the mouth on this forum, but anyone got any other targets in mind? Any TA targets?