Edie Creek will be producing for many many years. The shallow Enterprise vein ensures this. At current Gold prices once producing 200oz per month it will see yearly earning of $3.7M AUD. Obviously there is great reason for the Gold price to strengthen once the reality of the world's political and financial circumstances set in.
Gold at $1800 AUD would give earnings of $4.3M AUD. Point here is that the mine will be profitable regardless of the short term fluctuations in the Gold price.
P/E ratio based on these earning alone is currently 2.22. Plenty of room for the Market Cap to head north.
There's also:
May River
Bolobip
And not forgetting the Tasmanian Tin which I believe we will easily see a total tin resource of 20,000 - 40,000 tonnes.
Capped at $8.25M? Why? What is the market waiting for?
