The latest presentation saying FY12 EPS at 40 cents per share.If...

The latest presentation saying FY12 EPS at 40 cents per share.If use low PE of 8 that means $3.20 a piece.
EV/resources is one of the lowest and about one third of the average.
Long life mine,good grades,massive resources and QE3......
At last talk about leverage,mum dad saying buy gold and hold.Not bad idea right.
Take a look this ,if gold price moves from here to $2000 ounce that means gaining $200 that's just over 10% return.
SBM is making around $400 per ounce profit right now, if gold price moves to $2000 that means $600 per ounce profit that's 50% increase!.
If gold price moves to $2200 an ounce that means 100% profit increase before tax.
I don't know what share price is going to be then but this is simple maths,I am sure all of us can work out what the share price might be!.
Right time to do right thing is the greatest art of all!
I bought at $1.40,$1.60 and $2.09 on last Friday and has the total value of a sexy Lamborghini,well may be two of them next year.
DYOR