Guanaco/Amancaya operating at 75% capacity during this COVID19 situation, exploration halted until at least April 12th.
Even if they can achieve 45,000-50,000GOE production with COVID19 assuming a $500/oz profit with the 559M outstanding shares that's about 4 USD cents a share earnings, or about 6.5 cents AUD.
What multiple will this thing trade at once money rushes into gold? Futures are only 10% from their all time highs.
Even if it trades at a P/E of 5 this stock will trade over 30 cents AUD.
GLTA.
News: AGD Austral Gold Posts March 2020 Q1 Production Of 17,159 Gold Equivalent Ounces, page-2
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