ADG 0.00% 0.4¢ adelong gold limited

Ann: 2021 Quarterly Activities Report & Appendix 5B, page-13

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    50 million revenue. Let's say the tax is 30% (conservatively)- that gives us 35mil. Shares on issue according to commsec is 3.88bil so that leaves us with a share price of $ 0.009 (35 mil / 3.88 bil). Add a conservative PE ratio (5x) to that, which will leave us at $ 0.045.
    That's a 15 bagger? Ám i missing something here and what's the realistic timeline for this??

 
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