I did a back of the envelope valuation Being VERY conservative – Using the following assumptions
Silver price $15 - current $23.89 Gold – No revenue Cost per silver ounce - $12 Corporate costs - $30M - Prob far less AUD @ US$0.90 - conservative Capex $66M - Spot on Applying ZERO value to any potential resource upgrades and using only a 5 year mine life..(they have explored about 0.5% of the total acerage, so applying none is silly but illistrates the value)
I get A$0.77 per share.
Enought said.
IM BUYING THIS.
MRP Price at posting:
25.0¢ Sentiment: LT Buy Disclosure: Held