Gold A$1,200/oz Production Costs A$500/oz ($300us as stated in reports)
so $700/oz gross x 40,000/oz (using conservative production figure of 10,000oz less than guidance
gives = $24 million profit
on a market cap of 75 mil roughly, that is a forward PE of 3
and you have to remember that doesnt take into account: - any value for iron ore offtakes (conservatively worth 10mil year) - any deal involving the gold processing plants - the likelihood that gold will bounce back
TRY Price at posting:
$1.03 Sentiment: Buy Disclosure: Not Held