ro, as a bit of a longer expression.....
2,400 POG - 1200 AISC x 120,000 Oz = usd144M = AUD 220M X 5 ( p/e of 5 times) = aud1.1bn / 400m ( todays mc) = 2.7 times x $1.60 = $4.32 SP
Yaay!
Ann: Corporate Update, page-48
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