Well 120 actually, but nonetheless impressive... If he can do that... well, you're right. That's money. Still need to do something about the share count though.
120 kilos = 1440 per year
=50688 oz per year (production costs about $200 so profit $220)
50688 x $220 = $11,151,360
very nice... but again, we have 800 million shares authorized.
$11,151,360 /800 million = 0.0139392 per share in 2007 if everything JM hopes to do works out. Could be more if price odf gold rises or costs are somewhat less.
Well, it doesn't look bad. And we may be somewhat undervalued, but who knows. All we have here is Jaime's word on this. If investors thought it was true we would see some rise in share price even now. I think some more formal estimates and reporting would help here, but that's just me...
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