Re: Alaska's largest Gold Nuggets: - Silverado will break new records
in response to
by
posted on
Apr 12, 2008 04:23AM
Mr Brown,
Correct my logic where lacking.
If Silverado mined the equivalent of 500,000 Toz per year in total gold and antimony (equivalent), that would be nearly $500,000,000 revenue per year. Say it costs 30% of that revenue to mine the PM, we have $350,000,000 in earnings, or nearly 40 cents per share. At a low P/E of say 10, we'd be at 4 Dollars a share.
500,000 Toz (total equivalent Sb+Au) per year is a dream come true.
This year, I'll take 1/10th that and be happy at 40 cents a share by year end, with progressive growth thereafter at Nolan and other properties.
This does not include ANY potential on the LRCWF project...that will be GRAVY if it pans out (no pun intended).
3x10e6