So,
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.
Add to My Watchlist
What is My Watchlist?