a rough valuation estimate

Based on the PFS, here are some initial rough numbers for the project:

Mining tpa 72,000
Production Au oz 20,000
Production Ag oz 80,000
Bullion % 25%
Bullion gold oz 5,000
Bullion silver oz 20,000
Gold in concentrate oz 15,000
Silver in concentrate oz 60,000
PoG $/oz 1680
PoS $/oz 32.4
Revenues
Gold Bullion $ 8,400,000
Silver Bullion $ 648,000
Gold in concentrate @ 70% payable 17,640,000
Silver in concentrate @ 70% payable 1,360,800
Total revenue pa $ 28,048,800
Cash Costs $/oz 450
Cash costs $ 9,000,000
G&A, Sust CAPEX, etc $ 2,000,000
EBITDA $ 17,048,800
D&A $ 1,500,000
Interest $ 0
EBT $ 15,548,800
Tax rate 25%
Tax $ 3,887,200
NPAT $ 11,661,600
No. Shares (FD) 215,017,514
EPS $ 0.0542
FOREX 1.571
EPS (p) 3.5
PER multiple 10
target SP 34.5p

Only an opinion of course.
CPDLC