let's talk fundementals, page-20

Hi champ
I thought the 808 million shares dont yet include the Chinese shares issued - if I am correct at almost 300 million shares to your calc.
Also the annualized rate of production you use to highlight how much they will best the 120k oz target seems high also although the future prod rate will ofcourse exceed 140k. I agree with you about the timing of the rand uranium purchase looking favourable.
If we use your example the valuation is clearly leveraged to the gold price. For example use a gold price of 1500 and see what figure you get ( escpeciallly If I am correct and the Chinese shares are not in your numbers)
Which brings us back to GDO valuation is driven by ones view on Cooke good, rand uranium and modder north and Vburg. Again I am on the side of it is cheap so please don't take this discussion as a downramp. It is a buy - the question for me remains - enough of a buy for me to buy. Still working that part out