Thursday, January 24, 2013 1:06:12 AM
they have met or exceeded all of their expectations and every one of the PR'S outlining their next moves have been followed through with the execution on it...
so lets quickly look at an upcoming milestone that is ready to be smashed like all the others..
"The Company expects to expand the operations on Suriname #1 by adding a Pod each quarter. Each Pod is expected to cost about $250,000 in equipment and is expected produce 200-400 grams per day or 4,000 - 6,000 grams per month or $200,000 to $300,000 per month. The Company's goal is to have 4 Pods within 18 months being able to produce 16,000 - 24,000 grams per month or approximately $1,000,000 in revenue each month".
math on this 1 property alone?
12M a year / 337,882,497 outstanding shares of which the CFO and CEO hold over 50% of that 337M O/S = approx. 125M tradeable float
Cut the 12M in half to 6M and triple the O/S from 340 to 1B... (which there is no reason to do) but even still what's the number?
.006... that's with no multiple.. Mining sector multiple on average is?? Pick or research...
x5 = .03
x10 = .06
x15 = .09
ridiculously cheap down here imo...
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