bloomberg interview with chairman, page-4

I think I want to revise my previous numbers. I was digging around broker presentations and email communications re the costs.

My numbers I do not think include the 1/3 profit to the mill. So my number crunching was around $20 mill free cash. But I think KGM will only keep $14 mill.

So at a conservative view one could say $55 mill market cap, and $14 mill free cash, less $10 mill costs, so you end up with a very basic 7 to 8% 'profit'. Mind you, as a worst case that is not bad.

But it means the share price can only go up if they announce more oz or if they are able to produce MORE or the price of gold rises.

All three 'only if's are likely in my opinion. Hence, I still think this share is a good investment. Well, at least I have decided that for myself