More like near $3 once full re-rating is in place for ASX goldies compared to TSX goldies, and a bullish high PER of 20 or so.
70,000 oz pa, and a margin well over $2,000/oz.
EPS of 14.5c or so, x PER 20 = $2.90 share price
A parcel of 100,000 shares worth today $17,000 at sp 17c would be worth $290,000 at sp $2.90.
I have read that in 1979-1980 some goldies went up hundreds of times. Most likely these were the best of the juniors proving up a gold resourec and transitioning to producing, not steady state producers.
how high will gold go?, page-3
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add DRA (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.90 |
Change
0.000(0.00%) |
Mkt cap ! $105.3M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4359 | $1.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.30 | 1999 | 1 |
View Market Depth
| Last trade - 10.02am 22/07/2024 (20 minute delay) ? |
| DRA (ASX) Chart |
Day chart unavailable