Buscar Company (CGLD)

[dashrip417]

Hellooooo out there... gold = $620 OZ

Capital Gold Corp has projected 2007 production of 45,000 ounces.

That's $27,900,000. Round it off to $28 million. Divide that in half for mining costs, wholesale price etc.

$14 million net income.

Divided by 133 M shares outstanding = .105 cents per share net income.

At a PE of 15, that's $1.55 per share!

Think CGLD is headed to 50 cents by New Year's? I do.

I see $1.20 by Feb. 1