Cheers Blueskies. So a saving of $180m per year not even taking into account tax losses and all other assets means MIN are taking over AGO at a P/E ratio of 1.5
Given MIN are trading at a PE of 12, let’s multiply $180m by another 8 to get to a P/E of 12. For MIN, this makes AGO about a $1.4B company.
We will be generous and accept $1B or about 11c per share
MIN - Conference Call, page-22
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