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24/03/18
09:36
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Originally posted by nihilism
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Every $100 price rise in gold AUD (gone up ~50 in the last week) is worth ~70million profit per year (lower case of 6000 ounces per month). Straight to the bottom line.
20c is $250million SP, or $262million EV (current net debt is 12million) thus the company got a lot more profitable between monday last week and monday this upcoming week.
As trade war heats up, and if gold goes up due to uncertainty, then 100million market cap will be very undervalued.
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Thanks Ni I could do this myself (I have just on the run and couldn’t remember figures off top of my head).
So 250m fully diluted at 20c?
$70m per $100 oz aud hell yeah. In that case it’s probably 50% undervalued.
Nice flag on this now. Breakout Monday not many places you would want your money to be at the moment better than Aussie gold.