Ooops, sorry, my bad. Let's try again.
At an earning of $20 million pa, and a PE of 25, then the SP would equate to about 20c, based on 2.5 billion shares on issue.
And that's just for the announced 2 mines.
Not sure how we work something out for MATMOR, but IMO it will be at least another 20c
Let's try a valuation, page-12
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