2020 Gold Producer with PE of 1.2?

Current SP: 22c

Estimated number of shares after CR at 30c: 73,000,000

Estimated MC after CR at current SP: $16m

CTL produced ~4000oz per quarter breaking even at $1350oz

Current gold price ~$2150/oz

Projected annual profit from A1: ~$13m pa

PE ratio based on above estimates: 1.2

* not including the cost reduction of local production gives a PE ratio of 1.2 (other Aus gold mines running at PE of 10-20). Additional mines MS, RoD and Maldon not included. Other prospective areas outlined in Post #:40695157 not included.