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gold rush

  1. 3,474 Posts.
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    Having read the announcements of 29 May I am trying to digest what it all means from a sp perspective. Roughly, I've come up with:

    JORC resource is 1.2m oz
    Shares on issue (EXM, EXMO EXMOA) are 1,974,242,348
    In ground value conservatively $100/oz.
    Share price: (1.2m x $100)/1,974,242,348 gives 6.08 cps

    By production, assuming JORC is still 1.2m; gold price $1200/oz and production cost (from ann.) is $360/oz leaving $840/oz net profit gives a future share price of 51 cps.

    I think we have a 8-9 bagger here.

    Please DYOR.
 
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