It's diffcult to assume 60 cent sale (out of this world). that means the mine is sold for 315 million which is a complete joke. Let's put things into persepctive:
Endeavor Mining Corp bought Avion Gold for $389M (100k+ ounces/year production).
Argonaut Gold bought Prodigy Gold Ince for $341M (6M ounces gold resource).
I think the selling price would be around 0.20/share right now. That would be just over the 100M mark. Let's see if these guys can pull off something close to 40k ounces this year.. many companies would love a mine of this production size.