Tyee PE would be 25 to one in todays valuations with gold around $900, but with a higher level of excitement, we coud anticipate 35:1 or so. At $1500 gold with actual costs near $500 three years from now, with 150,000 oz per year and 230 million shares outstanding that would equate to:

150,000 oz production x $1000/oz net / 230,000,000 shares = 64 cents / share

x 35 PE multiple in gold bull = $22.82 share price.

Discount this to $15 to $20 per share due to some debt on the books, or any hedging necessary for financing mine operations.

This is the realm of fantasy, and can not possibly happen for us....unless the POG goes up to $1500 in the next 3 years. And it will.

SKELEG