What clear thinking !!
This one is a "NO BRAINER".
Company capped at $25 million !! Based on what this Company has at the moment, capitalisation should be closer to $100 million than $25 million. What can you do when so many stocks are trading at ridiculous levels.
At gold price of A$1,400+. Producing gold @ 2 gr/tonne
Even if you process only 750,000 tonnes it will yield 50,000 ounces a year at minimum A$500 profit per ounce equates to A$25 million profit a year. EPS of 10 cents.
Work out the numbers yourself.
If profit is A$750 per ounce (i.e. production costs $650 per ounce), EPS will be 15cents.
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