"My target price is well over $2.50 also. Not sure about $10, but you never know once the world decides to bail out of the US$ and get into gold..."
Possible scenario ahead:
w/Gold at $1500= AUS
new mine producing 60k oz @ $150AUS= $81M
Brazil producing 50k @ $600AUS = 45M
Sandstone 30k @ $1000 AUS = $15M
Total cashflow = 141M
less Tax = 94M profit
P/E of 7= 658
65M shares
658/65= roughly $10 a share.
All going well $10 isn't that pie in the sky at all.....but it will take a bit of time....$4 or $5 is probably a good target for starters.
There are other costs admin etc not included, but on the other hand Gold could go significantly higher as well.....
Don't forget the iron ore could also cashflow as much as the Brazil mine, but i haven't included that .
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