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.
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