BK's "Two Cents" on February 23 walked us through a KRY POS at 900 POG and concluded a very conservative $10 per share.

 With all of the talking heads and the sweat older lady talking about gold going through the roof on CNBC, I could not help but to open up Excel and see what the per share value would be with gold at $1600 per ounce.

Assuming the following:

20,000,000 ounces

$1600 POG

-$350 extraction

-$63 royalties

$-200 taxes (double BK's number)

-$200 smiles (double BK's number)

300,000,000 shares

equals $50

cut in  half (per BK)

$25 pps KRY