I agree with the 3 bucks target.

With the documented production and ounces in the ground, the current size of the market cap and that the company has been given adaquete time to perform (started production in 2006), the market cap has to shrink to be in line with other gold company valuations.

They enjoyed a premium because of the backing they had and the suspected ounces in the ground. The premium is no longer justified.

Can they get it again? Sure but they have to perform to get it back. Increased production or ounces in the ground or both.

JFF7