A$44M current market cap /$13Mpa Q2 cashflows = PE ratio of 3.4 hahahaha
41.6 = PER of 1.06
44/58 = PER of 0.76 what?
standard PER gold stocks 13.9, NCM is 40.9
on these figures the market is valuing TRY on lower than the Q1 results still from over 7 months ago and ignoring the Q2 Q3 reported results!
assuming 13.9 PER right now TRY is earning free cashflow of 44/13.9 = A$3.17Mpa
At a PER of 13.9, TRY should be at 41c per share on Q2 figures
At a PER of 13.9, TRY should be at $1.31 per share on Q3 figure min range stated above
The PE ratio is telling us TRY is the cheapest gold stock on the ASX but this will not last,