share price with 300-500, page-2

Jeez that's a hard one, dependent on a huge ammount of factors.

500k oz @ AUD1300 in ground value of 650m = 6.5c per share (incl 1c oppies converted 0.98 billion) if we are to trade at 1/10th of inground without being in production (+ cash & assets of course)

prod range of 50-75k oz/pa @ AUD1300 less cost 350/oz= earnings of AUD50-75mil p/a

first half to 1 year of profits would pay off mine, so after that you could value on an EPS basis, but it would also trade on continued reserves size, i.e we would need our reserves to grow faster than our production to get the SP to continue to grow.

Any sniff of chasing Uranium or FNQ would also alter SP, currently valued at zero IMO

So one could argue that it will be greater than 6.5c on resource only but how much greater is anyones guess, watch the MACD & RSI for the comming months after we post a maiden profit I guess.

The RUST (Rudds unbelievably stupid tax) needs to be factored in somehow too.

FML for an example; is in 1st year of profitability with only 200koz in reserves & prod of 100k oz pa, it's SP peaked at 8c for 3bil shares, so I guess low to mid teens could be ballpark on that gauge. Anyone else got any examples to compare on juniors moving to production?