48 mill USD methinks, not AUD ....... UIf so, thats AUD 60 mill ? But yeah, close enuff to PE 1 with likely 1 year capex payback and 4 year open pit reserves + (undefined) underground reserves based latest upgrades ....... another 4 years maybe?
At current SPOT prices, I'd use a PER 6, so should upgrade my earlier target call. If they can move to 10+ years project life, would probably increase PER to around 8+ for this.
But whats the U-assets worth?
IMBOOC
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