Sorry potential PE should be around 3 with current margin - market cap 1,351,000,000 AUD and 350,000,000 of earnings (which is not probably true value. But that margin gold price achieved and ASIC is in USD so factor that back in and you get around 3.
So halve the margin and you get a P/E of 6 which is pretty crazy. Please check my numbers - I know its rough.
Will be good to see if they are cash flow positive in the coming quarters with the cap ex spend to come. - Should be given they are getting 20 million more from Ravenswood payment.
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