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Gold/Mining/Energy : DROOY Durban Deep- Best S. African Mine
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To: baystock who wrote (281)10/10/1999 1:24:00 PM
From: POLARBEAR  Read Replies (1) of 851
 
Hi Ram,

So if we say 95 million shares, with production of 1.3 million, then every 73 shares equals an ounce of production. At $2 a share, $150 buys us an ounce of production.

I'm just guessing but if production cost is $250, and gold hits $400, then we either have a P/E of 1, or the price is going to rocket.

Wouldn't it be nice to get your full investment back every year just in dividends? :-)

With a reasonable P/E of 10, we'd have a $20 stock.

(I just woke up....does my math check with you?)

Thanks
PB
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