ADG 0.00% 0.5¢ adelong gold limited

Ann: Adelong Goldfield Strategic Review Update, page-38

  1. 2,126 Posts.
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    THIS is where I love the maths behind "valuations"!!

    Right now, with 3,570,000,000 SOI, at $0.008, we would be ~$28.5M MC

    Going off your estimates @Woodpekker, $30M FCF with a P/E of 10 = $300M MC

    $300M MC divided by 3,570,000,000 SOI = $0.084 per share
    Which, with reference to the current price.... its a 10 bhagger in the making.

    It is a very real prospect considering the tenements we're drilling!
 
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