The Vector analysis is based on earnings only, add another $2 per share for the $100m in cash and bullion with only 50m shares on issue makes easy maths. Then add what you want for the Ghana tenaments and add something in for the 43% holding in RAND Mining (RND.asx)
btw it looks ready to pop, just the one seller in the way of $3 being breached and a heck of a lot of buyers lined up to get anything that is sold down. New all time high today and no end in sight.
my biased one eyed long view so dyor as always
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