By the way, that $54m as net income is so close that we can almost grab it i.e. post Mashala acquisition completion.
So for those who like their p/e's
54m/3.5b fully diluted shares (approx) = 1.5c EPS
1.5c x forward p/e 10 = 15c
1.5c x forward p/e 20 = 30c
1.5 x forward p/e 30 = 45c
Considering that we are so early in the game of production and with resources that stretch out decades, I would be taking a forward p/e of between 20-30.
Did I mention Botswana? :)
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