I have done some mathematics. The recent PR said $1235 per troy ounce of gold sold in first quarter. It generates $4.1 M revenue. It works out to be ~ 3300 troy ounce or ~ 100 kg gold bearing material was sold. PRMO's inventory is around 6100 kg.
The total value at today's gold price is $4.1 M x 61 = $250 M The total net profit is $3M x 61 = $183 M
According to our CEO, PRMO's production rate and inventory will increase in 2011. Also sale of gold will continue.
I am happy with these numbers. Please correct me if I am wrong.
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