Back of envelope working No Debt, AISC $1000USD/oz (overestimate on projections), PoG 1800USD/oz
800USD net x 200,000oz/yr = $160mil/yr Conservative PE of 5 = 800mil USD = 1.16 billion AUD
SP target of $1.07. MR update and potential upside of PoG not included.
I see first offer in at $1.00 to $1.10
Won't be happy w anything less that that $1.20 - $1.30 as there needs to be a premium based on the fundamentals of this business and the quality of management.
TIE Price at posting:
84.5¢ Sentiment: Hold Disclosure: Held
