Hi VYR and Darp. I think I am well out of my depth by comparison...

Hi VYR and Darp. I think I am well out of my depth by comparison with your expertise. I believe VYR that 8cps EBITDA (and you can delete the IT for a while) - probably in year 3+, by which time you could rightly assume an increase in resource (maybe another 100mt) and probably more positive market sentiment and an S&P rerating, would produce a minimum PE of 10 and SP 80 cents and a MC $1.6b +. This sounds a little fanciful now but the potential is definitely there.
Like many situations, size attracts attention and the desirability of the market which is always reflected in a PE increase. We should not overlook the market attraction of FF dividends which would be payable under the above scenario and HGO has Franking Credits just waiting to be deployed to the waiting shareholders.
We have all the makings of a great, long-life mine - now a producer with no debt and potential +++++