Grant has stated the run rate goal out of Black Swan will be 100000 oz pa. @ $5000 Aud per oz = 500 million. After using a conservative 35% profit margin that gives 175 million pa profit, assuming no further dilution that's approximate earnings of $0.08 per share. I did a couple of comparisons with other Australian gold producers and decided to use a PE ratio of 7.5, I came up with a share price of $0.60
Back of the envelope stuff I know and please correct me if I've got something wrong. Hope I'm close though.
Grant has stated the run rate goal out of Black Swan will be...
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