Hi Moit welcome.
- valuation at 3.00 is fairly safe (apart from my regional rebel risk) based on my own calcs from months ago using $1450/oz. Over long term these brokers come up with something similar - you just can't dispute the value here and the cashflows that will eventuate. We won't get to 3 yet until first full quarter runs the cash through the bank account & ore runs through mill, but i don't ascribe to the theory this is "worth" $4, more to happen before that could be considered.
first gold, page-38
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