what on earth does gxy owe creat group?, page-14

stringtickler,
The upward price pressure will start well before production,as you have said,but the actual re-rating will occur near the time of first production.

By re-rating,I mean valuing the Company on a P/E multiple of future net profit.The Company's expected net profit is somewhere around $50 Million per annum.

At a P/E of 10 that would value the Company at $500 Million
At a P/E of 20 that would value the Company at $1 Billion
and so forth.
You can come up with your own P/E multiple that you are comfortable with.

Those future potential share prices are long way higher than they are now!

Cheers