Based on the info provided the profit in the first year is about $35m before management expenses, exploration spend, interest, depreciation and tax.
If annual profit was say $20m or $15m after these expenses then at the MC of about $70m based on a SP of 25c (at the shares on issue) would mean a PE of 3.5 to 4.7 but remember the mine life is only 5 years (with upside). They will have about $30m in cash giving at EV of $40m ie EV/Profit is 2 to 2.7 at the above profit figures.
Based on the info provided the profit in the first year is about...
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Last
30.5¢ |
Change
-0.010(3.17%) |
Mkt cap ! $219.1M | |||
| Open | High | Low | Value | Volume |
| 31.0¢ | 31.3¢ | 30.5¢ | $556.0K | 1.794M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 402878 | 30.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 31.0¢ | 248905 | 21 |
View Market Depth
| Last trade - 14.44pm 31/07/2025 (20 minute delay) ? |
| A1M (ASX) Chart |