"therefore, not until the gold production starts will there be upside...or on PE ratio of 8, a share price target of 60 cents..."
TMR is NOT a retailer leasing premises, importing stock and then selling at a profit after costs.
That means a value needs to be placed on TMR's resource assets when fairly valuing the company. In addition, I also cannot work out why you have plucked out a PE of 8.
broker share price target 62c. now 20.5c, page-12
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