I said, "show me one small to mid-cap gold producer traveling on a PE of 40..."
NCM and LGL are hardly "small-to-mid cap", and SGX is anticipating earnings of $152 million next year, which gives it a forward PE of 11
If CTO can reach their targeted production and costs, when they're making 250,000 ounces a year at say $350, that's $162 million a year EBITDA. A PE of 10 suggests a share price of about $2.46
Factor in a higher gold price and, who knows, a higher PE as well....
how much is our company worth, page-25
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