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re: gold is at $598/oz if we assume for a tick gold remains...

  1. 2,444 Posts.
    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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