2 areas of concern that will knock down the target a little bit more... I was not sure so just worked with what i had.
Tax? Shares on Issue: Is it more than 3 billion shares now? Should we calculate Full diluted? Not sure if people perform these calculations on full diluted or not..
Production 100.000oz Conservative Gold Price: $1500 Cash Cost: $756
$1500 - $756 = $744 100.000oz x $744 = 74 Million Before Tax
74m / 3 billion shares on issue = 0.024 cents EPS
0.024 EPS x 15(PE) = 3.6 cents (Future Target)
Current PE is 1.8 Cents (current sp) / 0.024 EPS = 7.5 PE
So Target Valuation is 3.6 cents * Problem does not include tax on profit and i did calculation on 3 billion shares on issue.. These two items would be further pressure on target. anyone help with tax on profit and correct shares on issue. May take the target down to 3 cents...
MOY Price at posting:
39.6¢ Sentiment: None Disclosure: Not Held