As you know, I've been a stockholder since 1992. I have traded it a few times when I needed cash to pay bills. Lately, I've been thinking about the real value of this company.

I'm making assumptions here without proff:

Say we process 10 tons of rock and get out 10 ounces, we will be getting about $9,000 minus expenses for energy labor etc. If we work the mine six months out of the year average to 200 days, we then will have income of about about $2,000,000 or so (I'm using 200 days and $10,000 /day)

Say expenses are 1/2 of production, that leaves us with an income of $1,000,000

If we have about 100,000,000 shares, it leaves us with penny a share income.

What is wrong with this picture? Can anyone shed light?