Agoracom

Actually, profits could be much higher than anticipated if the price of gold keeps rising, which it looks like it will. Remember, the top economist at National Bank 1 month ago predicted gold would hit $1500/oz over the next 12-18 mo. Gold futures on APril contract hit $1000 this morning and the US dollar keeps tanking, which should raise commodity prices. I think like oil, high gold prices are here to say. I bet the life of the Croinor Mine yields the company $120M+ over the mine life (higher gold prices + Eric reserves totaling over 300,000 oz).

That makes the market cap of $3.5M that much more puzzling.