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21/02/08
12:30
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So let me see if I understand this correctly… Correct me if I'm wrong.
2.1-Billion plus Proven Reserves
Diversified in Gold, Silver, Zinc, Lead, Nickel
Close to transport
20-Million Market Cap
Price Per Share 8c
Net Tangible Assets 10c
Debt and Liabilities 1.1-million
Cash In Bank 5-million
Experienced Management
Management with large personal share ownership
Once Production Starts, if they dig up 5% of metal per year (Based on current proven reserves)
Revenues of $100,000,000
Mine Life of 20-years
So Revenues per year would be 5-times the current market cap. Some pretty good EPS.