No exit plan for an investor in a company always leads to heartache. What is imperative is to know not only when the market is underpricing the company, but also above what price it will overvalue it.
Gold: $955/oz
Cost/tonne mined: $125, Average grade: 0.6 oz/t
$CD/$US: 0.84, $32M in bank, 269M shares out
Mine Life: 35 years, 3 year ramp-up, 60,000 oz this year
1,800 t/d, 300 d/y
$1.50 oz smelter rate
Pick your risk tolerance:
$6.6910% DR
$9.227% DR
$11.695% DR