dealbandit,

I can't disagree with your math at 2.5, but I would think that $2000 gold means we are in a very high inflationary period. I would expect higher construction costs and future production costs would have to factor in as a result of this inflation. Remember, I believe a buyout will occur before actual production also, so it's not simply a factor of discounting revenue by your cost. Don't forget the Venezuelan discount which will hopefully be lessened somewhat over the next couple years. Chavez simply cannot continue on this course.