I agree. Production05 which I respect very much talked at one point of getting production to 500 ounces per year. With current reserves of 6M ounces (and counting) at 5g per ton, that would give us a 12 year mine life with profits of 300M per year based on $500 cost per ounce and $1100 sale price for profit of $600 per ounce. This play is so undervalued it is crazy. In this hot Gold market, once the financing is in and Marguerite Kent has allowed the proper mining people to take over, this will be a huge play.

A play like this, once producing would have a market cap of minimum 1 Billion dollars. Even if our Share float reaches 400M, this is still $2.50 per share. I think we see $1.00 no problems by next April if we are on schedule.

The critical part is the $21M dollars by the russians and we should have that in the next 2 weeks...then, I cannot see anything holding this stock down!

Glorieux