rowser - you must be dreaming valuing it on a PE of 20. have you seen what other steady producing, income producing companies PE's are at? Or other blue chips?
Haven't run the financials, but unlses you state your assumptions in more detailed then I don't see any merit.
It took me 3 mins for the following:
4,700 oz per Q4 of gold produced. Annualised (x 4) = 18,800 oz of gold (69,000 oz pa over 6.5 years is their goal). At $500/oz profit (after cash costs etc at current gold prices) thats 500/oz x 18,800 = $9,400,000 ($9.4m).
800m shares = 0.01175 EPS. X 20 PE as per what you said = $0.235 share price.
Hope that burst your bubble.
d & d very positive, page-83
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Last
0.3¢ |
Change
-0.001(25.0%) |
Mkt cap ! $5.567M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.3¢ | $19.61K | 5.404M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 67 | 58100281 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 5120114 | 5 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| AAU (ASX) Chart |