Gold price, page-2

Yes tomato69, the weakening Aussie $ is underpinning gold (AUD) values nicely. Targets remain AUD/USD 70 cents this year and 60 cents next year.

Here's the numbers:

LNY
80,000t @ 5.8g/t (9.8g - 4g) = 16,367oz – 300oz = 16,067oz x 60% = 9,640 oz @ AUD1482/oz = $14,286,480
120,000t @ 5.8g/t = 24,550 oz x 70% = 17,185oz @ AUD1482/oz = $25,468,170
Total $39,754,650
LNY shares on issue = 2,062,742,065
LNY profit = $39,754,650
EPS = 1.93c per share
P/E of 1 = 1.93c per share
P/E of 4 = 7.71c per share

And then there's the 80/20 NZ JV with Newcrest...what's that "add-on" worth?
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