BAR Interesting..., page-505

I certainly think that the BAR can again be reached -- as back in 2007.

I did some 'back of envelope' calculations some posts ago.. but it went something like this.

Assume 75,000 oz pa at nett margins of $400 oz remember A$ gold is about $1600 oz currently.

Apart from a few bits and pieces.. that may leave a profit of roughly $30m pa

At a conservative PE of between 5 and 10

Would leave Barra with a market-cap of 150m to 300m

Now a few things would have to go right.. but it's certainly a possibility.


AND Then there's Mt Thirsty to consider..