AND's forecast production rate is 200K ozs p/a gold discounting...

AND's forecast production rate is 200K ozs p/a gold discounting silver with a cost of less than $200 usd/oz.
The wise guys are forecasting gold at $1500 USD/oz ($1660 AUD) for next year. That's about $1400AUD/oz profit

Now let's put all this together at say a PE of 15.

The rough sum is :-

200K X $1400 X 15 divided by 542 Million (no of Shares)

= $7.75 AUD/share.

From this rough sum there is still considerable upside
in AND's share price. Eldorado are looking for a bargain @ 0.31 Eldorado for one AND which is about $6.50 our money!

Moorooka Mick
Knocking the top of a Guinness in West of Ireland.