A very rough calculation, based on their Sept quarter report -
421 m shares + 160 m options (10c); fully diluted 580 m.
Expect 38000 oz per year for GTM share.
Cash cost $250; total cost $350? (guess); profit about $200+/oz.
Return about 1.5c per share. Value 11c would be a PE of about 7 or 8, quite reasonable.
But note debt of $9m will need to be repaid; thus possibly no returns to shareholders for a while.
A lot depends on the mine life. Currently 4 years; enough to generate returns of $30 m. Thus some return is practically guaranteed, barring misadventures.
Alos, mineralisation is open at depth. Good chance of much longer mine life.
And yes, I've got some - and holding.
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greentech minerals ltd - tba
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Currently unlisted. Proposed listing date: TBA
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