bullion baron did a great summary on his blog a year or so back. worth reading.
definite value but the realisation of such is uncertain.
if annual report confirms higher bullion balances, EV on Raleigh Gold mine, Ghana, and other WA areas will be small and very attractive.
Using a P/E ratio GoGlenroy is probably not appropriate cause a lot of the gold mined does not reach sales in the P&L, will require some manual adjustments on your own behalf.
TBR Price at posting:
$2.80 Sentiment: None Disclosure: Held
