Gold and macro environment, page-824

if SPR produced 200k Oz pa at an AIC of $A2,000 at current spot rate that is a profit after tax of almost $370m or a PE of 4.8 but if they produced 260k Oz pa profit after tax is about $460m pa or a PE of 3.90 and more profit if AIC is less than $2k

With those profits at a PE of 10 the SP would be 2.08 times today's price or about $2.90 and 2.6 times or about $3,60 SP. A PE of 10is undemanding and if investors really started buying gold miners ie miners were in a boom think double those prices or more

Same principle applied to other gold miners - they are so undervalued - at current spot prices producers at an industry level are probably in a forward PE of less than 8.

what will SpR and all gold producers do swimming g in all that cash.

If POG keeps going up it is when not if investors start to really pike into gold producers. when that happens gold stocks are going to make s lot of people rich.