If we poured 250,000 ounces and made 800$ per ounce and applied a 54 PE ratio to the bottom line that would be crazy to even think about.
250,000x800=$200,000,000/265 million shares= eps $.75
.75 x 54 = $40.75 per share
Think it's crazy? Goldcorp poured over 500k ounces in the first year after running the high grade.