Well, very quickly, using round numbers:
If you could knock out 5 million ounces pa.
Say cost of production $10 per ounce, POS $30 per ounce
Thats $1bil pa earnings
PE 10 --> MC $10bil --> 200 million shares on offer that's $5 per share.
Simplistic but fairly quick evaluation.
Does not factor in exploration upside, additional resource.
the safest stock on the asx - silver to shine, page-94
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