I am certain he is in dollars.
that is, 10 cents end of year and 50c next year.
(Reason I conclude this: He is talking positively so hardly think he's expecting a drop to 0.1c. Also, he has 2 decimal places.)
I know there are lots of different ways to value the company, but,
assuming we get to 500,000 oz in the next month, and
assuming profit of NZD600/oz (too optimistic?) (NTL state US600/oz costs),
that gives me 15 cents per share total profit spread over, what, 5 years. That excludes the other fingers in pie that NTL has and excludes further JORC increases.
Halve that figure for DCF (Discounted Cash Flow) and that gives me 7 cents per share now, and it is only just under 2 cents.
I am certain he is in dollars. that is, 10 cents end of year and...
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