Warning: figures not exact...

IF

1. Gold = $1000

2. Tyhee has approx. 2000000 ounces of gold

3. It costs Tyhee $400 per ounce to mine it

4. Profit = $600 per ounce

THEN

Tyhee has profit potential of $1 200 000 0000 (minus the cost of building the mine itself; a cost I do not know)

BASED ON THIS IF

1. Tyhee has a profit potential of 1 200 000 000

2. Tyhee has 200 000 000 shares outstanding

THEN

Tyhee is worth $6 per share "fully cashed in"

FINALLY, IF

we include all kinds of unforeseen costs, problems, etc. plus the buiding of the mine, and all this makes Tyhee somehow lose half its value

THEN

Tyhee is still worth $3 a share, "fully cashed in"

Is this extremely simple analysis simplistic?

I am just trying to get a view of what might be far off in the horizon.

Shoot away!

Stone