value, page-28

alpha

I wouldnt say JG is all fluff, maybe 65% fluff, 500000 high grade ounces with copper and silver credits is basalt solid, if the resource doesnt grow from 500000 and MYG mine for 10 years at 50000 ounces a year I would expect to be the owner of a
1) 21ft bar crusher boat
2) pay off the beach house
thats with a PE of 5 and 600mil shares, MYG share price would be 66c at 50000 oz a year with 600 mil shares, if MYG manage to get to 1 mil oz with 100000 oz production a year and a PE of 5 the share price would be $1.32c and I would expect to be the owner of
1) 21ft bar crusher boat
2) beach house in old Dunsbrough WA facing east
3) bikini model team

pure speculation and dependent on the gold price, operating cost and number of shares on issue

once its spelled out to the general pubic that 500000 oz is enough to get MYG into production there may be a bit of a "why didnt i get on this earlier moment"