Just my very simple take on things, if there is say 400000oz at a realized price of 2000AUD an Oz, that would equal about 800 million bucks, now if you say/take away costs to mine, overheads, and so on, we could say, 400000oz * 1200=480 million. Then 480 million divided by shares on issue would equate to about 0.048 per share, just my uneducated ramblings.
Just my very simple take on things, if there is say 400000oz at...
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