Even based on the Oct2012 production figures in the presentation of 120,000oz at a profit margin of approx $20 per oz, that gives us $2.4M per month or about $30M per yr.
Just based on these underpeforming rates of production, in 12 months you could discharge our debts and have cash in the bank.
At the expected plant output of 200,000oz per yr and $20/oz profit we will be making $40M a year for the next 5 yrs at current silver prices..... at least a $1 share.
At double the currrent silver price this share is easily a $2 share......... CCU is a no brainer for those of us that understand the simple maths.......... 50c is a steal.
CCU Price at posting:
51.4¢ Sentiment: Buy Disclosure: Held