Pls read the following article
http://www.news.com.au/heraldsun/sto...33-664,00.html
When I read the article I realised that becasue of the disaster at Bendigo Mining, all Victorian miners are probably unfairly undervalued. This make them worh a look - once they prove they know what they are doing.
According to www.Goldnerds.com.au, the company GBM
Mkt cap A$18mil
Enterprise value A$20 mil
Production to enterprise value 0.92 (based on current gold price A922$ and projecting pdn 20,000 ounces )
prospective Price Earnings ratio 3
GOldnerds ranking 129
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