1000.00 net with 1,500.00 gold

150,000 oz production x $1000/oz net / 230,000,000 shares = 64 cents / share

x 15 PE multiple in gold bull = $9.60 share price.

1,500.00 net with 2,000.00 gold

150,000 oz production x $1500/oz net / 230,000,000 shares = 64 cents / share

x 15 PE multiple in gold bull = $14.40 share price.

2,500.00 net with 3,000.00 gold

150,000 oz production x $1500/oz net / 230,000,000 shares = 64 cents / share

x 15 PE multiple in gold bull = $24.00 share price.

The number of shares outstanding will hae to increase to fund the mine or we will have some major debt. So I think to net 1000 on a 1,500 gold price is realistic...et el.