From the 20 minute mark on pretty much sums it up and it doesn't take too much imagination to read between the lines. Most intriguing were the parts about the 43101 already being significantly out of date and the intention of the company to eventually pay dividends in the future.

150k ounces next year at a profit of ~$800 is $120 million.

~.39 eps

20x p/e = $7.80 (2.4 billion)

25x p/e = $9.75 (3.0225 billion)

30x p/e = $11.70 (3.627 billion)

These numbers are no longer fictional given San Gold's known fundamentals and the certainty of mangement to produce. Exploration could get the p/e multiplier up big time.