lukeyj,Those numbers are an extremely basic analysis of how...

lukeyj,

Those numbers are an extremely basic analysis of how production, gold price and the conversion of gold sales to EPS is reflected in the share price and how it will possibly be reflected in the future.

However even though its basic, if you look at the P/E of 8 and 100,000 / 1,200 gold price scenario its pretty close to where we are now although obviously the gold price is a bit higher and production is a bit lower.

The reason my target is around $5-$6 by 30 June 2014 is if you look at the 150,000 / 1,400 share price estimates for the P/E's of 8 and 10. I think this is the most realistic scenario as things stand currently however there is obviously upside and downside risk to this scenario.

The perfect scenario would be prodution of 175,000+ and a gold price of 1,600+ which essentially makes the share price $10+ if the market gave medusa some respect and had them on a P/E of 12.