CTL may rise to the range of A$ 0.03 - 0.05, page-96

New figures at $AUD1670 per ounce:

Projection between:
AUGOLD $1670 x 4,250 = $7.1 million
AUGOLD $1670 x 4,500 = $7.5 million

So an average revenue expected of $7.3 million

Expected expenditure: $6.5 million

$12 million dollar company to make $800,000 this quarter.

Growth rate of 12.5% ounces per quarter: $800,000 + $900,000 + $1,112,500 + $1,126,562
= $3.9 million PA so P/E of 3 at current gold prices.

Capital expenditure reduced by $1 million next three quarters (not fact just told it would be lower)
= $6.9 million PA so P/E of 1.73

Capital expenditure reduced by $2 million next three quarters (not fact just told it would be lower)
= $9.9 million PA so P/E of 1.21

This isn't a hype stock it's a sit tight and hold stock but the rewards are there and the math is solid. An ongoing $3 million or $4 million spent each quarter which has been built into the quarterlies will net a higher ounce return then 12.5% IMO but I'm going off the last quarter in which we know there were delays etc.

Three more smooth quarters and we will be a mid-cap producer, and the share price will follow. Silver is also up which is nice and North Korea is still a pest which will help the macro side of things.

I believe there is a 50% short term upside from here which is also our 200 moving average of 2.3c

Long term, the conservative P/E of 3 should sit below 10 to still have value so 5c is my three good quarterly price target, a 300% return from current share price.

What price targets do you all have in mind?