Mine permit received.
Eritrea made a contributory payment.
Cash as of end of Jan.2008, $40 million.
Shares out 128 million.
Gold price near $1000.
SAG and Ball Mills ordered.
Mine operational 2010?

Following are approximations.
Mine cost $200 million? Our share 60%.

Financing:
For even numbers, lets say we issue 70 million additional shares for a total of 200 million before mine is operational.

Expected profit in first year production:
Two million tons processed per year with 7 grams per ton means at least 400,000 oz. Au in the first year (reduced for start up inefficiency etc.) and with gold $1000 means close to 400 million $. Not counting the $15 million expected from silver (750,000 oz. x $20)), also reduced for concentrate cost, production, royalties etc. means about 150 million $ net profit, 90 million $ directly to us.
Metals increased in cost significantly but so has energy. Assume net result is metal price more than offsets energy costs.

Bottom line is that mine is free and clear in a year and a half and at least a half dollar clear income per share per year there after.