and trading in 6x EV/EBITDA or 20x P/E :)hello truthfulword,...

and trading in 6x EV/EBITDA or 20x P/E

hello truthfulword, nice to read your post!

my guess is that 300,000 oz is still a target they have yet to hit - at least four main risks

1. the reserves the internal geologist and external consultant say are there, are not there —- refer Gascoyne & Dacian

2. the physical mining of the underground reserves is difficult and production rates slow and low —- refer Panoramic (nickel)

3. the reserves and production rate are there, but the processing of the ore is tricky or difficult —- refer Blackham

4. the reserves, underground mining, processing is all ok —- but there are General mine or plant or labour or management problems

if all ok and producing at 300,000+ oz pa Fine and dandy the brokers (Macquarie??) think prices should be significantly higher than current levels.

so how much we wish for “fine and dandy” lol