Umm one small factor to consider - comission and milling costs -...

Umm one small factor to consider - comission and milling costs - these arnt done for free. Also the ore at cost was about $4.4 million to get to processing. Add admin costs and work out if they are making a decent profit? Thats what you work out a PE on, no revenue (which is over inflated as doesnt acount costs). The announcement is all hype as there is no meaningful info provided on which to value the company. As for next year - well lets see if they produce as much - is the toll treatment volume agreement financial or calendar year?? Anyone know? If its Calander then they will be producing 10,000 tonnes next year only. Good luck people, key financial details are lacking at the moment.