My apologies for previous post. I was calculating figures on Dec quarterly that issued capital was 250M shares plus, but POST consolidation (1/5) in January, Company has only 60 million shares on issue i.e. Capped at < than A$6 million.
Therfore revised figures (50,000 oz. production) at $500 profit per ounce EPS is 41cents and at $750 profit per ounce, EPS is 62 cents.
Use whatever PE ratio you want, where should this stock be trading ??
Am I making a mistake in my calculations?
My apologies for previous post. I was calculating figures on Dec...
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