I agree that my major concern is that they hit there 40 000 oz production this year and are not in the green in the last 2 quarters and lastly that they prove up as much gold as they can.
4 million would be amazing in the 43-101 but anything over 3.5 would be good. and hopefully they can continue to find more high grade to an eventual 10-20 million oz within the next 5 years.
All this causing share prices to be greater then 20$ in the next 5 years. Is that too much to ask?
20$ sp would give a market cap of 5 billion fully diluted. assume they gold in ground is valued at roughly 250$/oz then we need 20 million oz proven for this to be achievable. So can we discover 4 million onces every year for the next 5 years??? i m thinking this might be overly ambitious. ok ill change it to 10 million oz in 5 years with sp of 10$
So by 2013 have 10$ a share makes so that is almost 40% return every year for 5 years. I can live with that.
Jeff