dio announce decision to mine, page-6

Hi people, I've been watching and occasionally trading DIO for some 5-6 years.I plan on keeping my holding now.
Am I missing something? after the official hand over of South Kal and the start of production of Frog (early 2008),DIO will have an EPS of approx $1 and a PE of approx 2 and that is based on $700US/ounce.Also ,they have been digging Frog for a while,how much more digging is required to reach the gold?
Regards