Skeleg...
Your work is top rate....I would not be able to do such an analysis....
Do you have a geology or mining background?
Also, never underestimate the impact of crowds on share pricing...
By 2014, the interest rate increases along with loss of USD confidence and a smack of peak oil(gas rationing).....well, if gold is over 2K then a 10 dollar miner looks to be a deal
best,larry