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