Not B/S. Most of this information was staring you in the face.
The following approx figures are from memory but fairly accurate .... possibly understated.
The company had announced it's estimates of 300,000+ oz, it's ASIC of approx $1280AUD
it announced that it had paid off debt.... what more do you need to calculate a profit.
The one figure that is somewhat misleading is the headline. It's an accounting "fairy tale" rather than actual net profit. $40 mill approx was an accounting activity and didn't add a $ to the cash on hand.
Treat the $167 million as actual net profit. That still gives a PE of about 7.5 which is low for a gold producer. That net profit was based on a gold price during financial year 2016. We might be looking at a higher ave gold price during 2017. eg $100US extra adds approx 40 million net profit.
There will be expenses and possible borrowings to bring the next mine(s) online over the next 2 years.
PS share prices do not go up in a straight line and the last 3 days will be partly or even fully retraced.
Will you buy back? will you hold for the longer term? or will you blog here and blame everyone except yourself for your folly?
yours a teller of fairytales
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