LOL Ronstaa,
Now 10k would be wonderful but that would give FML a share price of around $1.84
I will use approximations as we are now just talking high pie in the sky figures.
$10000 - $600 costs = $9400/ounce EBITDA
$9400 x 80,000 production = $752,000,000 EBITDA per year.
Deduct 30% for tax = $526,400,000 profit
$526,400,000 x P/E of only 10 = $5,264,000,000
5,264,000,000/2,852,543,210 = $1.84 per share
I am not endorsing this as a future share price.
Just showing you how way off you are in saying that Gold would have to be $10000 before FML got to 75c.
hartleys put fml at a 75 cent target, page-14
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Last
11.5¢ |
Change
-0.015(11.5%) |
Mkt cap ! $32.95M | |||
| Open | High | Low | Value | Volume |
| 12.5¢ | 12.5¢ | 11.5¢ | $3.285K | 28.21K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 40000 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.5¢ | 8690 | 1 |
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| Last trade - 11.36am 09/08/2024 (20 minute delay) ? |
| FML (ASX) Chart |