You have conveniently worked on just ore reserves(and not even ore resources which are substantially more especially for Faboliden) and I'm sure if you had read the entire documents lodged with HKEx, you would have read that Dragon have always worked from a couple of years reserves and continually each year proven up more reserves to replace those ounces that have been produced.
Also if you had read the Faboliden Community Consultation document that was released around a year ago that they were saying they could increase the proposed annual throughput from 300kt to 500kt that increases the ounces produced by some 65% from those that you have quoted.
And you don't have to produce that many ounces to justify a higher market cap than $17mil when you have no debt.
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