That sounds unbelievable, I know. And there are a lot of variables that have to fit the equation, but let's have a look: Tim Gallagher's stated goal is to pay a dividend based on 50% of the free cash flow. /// Estimated production is 20k ounces per year meaning 10k for XBR. /// Bob Moriarty was calculating $ 100-300 cost per ounce, which must be ex silver credits and would be fantastic. /// With $1600 gold that would generate $1300 cash flow per ounce. /// That means $650 for dividends per ounce. /// Dividend basis is 61 million shares i&o AFTER most recent PP. /// Result: every 1000 XBR ounces would generate $0.01 per share in dividends. Meaning 10k XBR ounces = $0.10 dividend per share = 50% dividend yield based on today's share price !!! Sounds good to me. /// FANTOMAS