open briefing update on walhalla, page-3

Well I'll stick my neckout and put in a rough figure.

Keeping to the KISS theory lets assume they make a profit of A$200 oz. (remember this is strictly an assumption and I quess we wont know this figue untill they give us some guidance)

A$200 oz x 150000 oz = A$30m/130m shares = 0.23cps

0.23cps x pe 5 = 1.15
0.23cps x pe 8 = 1.84

Throw in whatever PE takes your fancy.

Now what happens if gold rises US $100.

A$333 x 150000 oz = A$50m/130m shares = 0.38cps

0.38cps x pe 5 = 1.90
0.38cps x pe 8 = 3.04

Is this profit per oz to much? I don't know. What do others think?
Anyway I'm happy with the companies prudent management style and will be holding the long term.

SRR