CQT conquest mining limited

gfa sells 19% stake in sino, page-9

  1. 7,310 Posts.
    lightbulb Created with Sketch. 978
    Hi Victorious...my simple sums brought me to this conclusion so any input will be appreciated...really.
    CQT has done the sums at gold being US$677 per ounce and producing at $400 (can't remember if AU$400 or US$) but here goes. They project they will do AU$130 million p.a. profit from gold x 40% (for current price of gold)makes it AU$180 million p.a. What about the humungous amounts of silver they have? The factoring should include pricing in a 35 % rise in Silver price by year's end. If they do another AU$90 million in silver p.a. then earnings are AU$1 per share...I would say the $10 per share would loom large...now if the gold price goes to US$1200 by xmas and they find another motza (on the cards with the geo structure they have) then AU$10 isn't so silly...or is it? Constructive comments welcome...or sneering comments cause it is nice to single out the paid downrampers.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.