Unike many junior gold cos, GDO is a producer. They may not...

Unike many junior gold cos, GDO is a producer. They may not produce 100K this year due to problems in Q1, but they will still make 80,000oz+ now that strike is over.

80koz x $500 per oz (profit) = $40,000,000
-30% tax = $28,000,000 / 805m shares = 3.5c per share EPS

Production will be 150koz next year and potentially higher year after .

Price should be at least 60c and share price is grossly undervalued given its producer status, low sovereign risk and large resource (plus exploration potential).

They need to prove themselves a little bit. Give them another quarter or two and share price shall fly.