Actually, I think they have UNDER-valued Ojolali if we assume that the Indo political climate continues to improve and we get a COW in time.
Consider this:
Lets assume we only profit $1/oz. Ag and $100/oz. Au. These values I consider to be worst case based on low market prices AND LOW production costs (because it is near the surface, good infrastructure, etc.).
340,702 oz. Au * $100/oz. = $34,070,200
34,690,944 oz. Ag * $1/oz. = $34,690,944
Total = $68,761,144 * .765 (our percentage) = $52,602,275
This value divided by fully diluted no. of shares of 38,293,870 =
$1.37 US!
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