re: gold is at $598/oz if we assume for a tick gold remains around the $600/oz
and cost of production is around $200/oz
220,000/oz p/a * $400/z = $88mil p/a
or
EPS of $0.214 ( $88mil / 410mil shares )
PE of 10 = $2.14
No brainer here
cheers PC
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Price($) | Vol. | No. |
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