We could look at it very simply as follows: 1. 500 oz week x 52...

We could look at it very simply as follows:

1. 500 oz week x 52 weeks = 26000 oz a year
2. opex (AISC) = 1000/oz (in AUD - their target costs at optimal production rates)
3. Revenue = 1700 AUD/oz

26000 x (1700 - 1000) = $18.2m a year

Put it on a multiple of 10 = $182m market capn.

Issued cap = 1.3 billion (diluted)

182/1300 = 14c

With upside from bonanza grades etc.....