moy valuation, page-7

Bad news guys, just read the capital raising.. Now 4 billion shares not including options. so re do calculation below.. With tax 10%.. Not sure about working out tax, just applied 10% on profits..

Production 100.000oz
Conservative Gold Price: $1500
Cash Cost: $756

$1500 - $756 = $744
100.000oz x $744 = 74 Million Before Tax

74m - 10% Tax = 66m

66m / 4 billion shares on issue = 0.0165 cents EPS

0.0165 EPS x 15(PE) = 2.4 cents (Future Target)