VRE view resources ltd
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Whats the go fellas?Let the market down sure but still 6500 oz x...

  1. Megagem
    4,476 Posts.
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    06/02/08
    16:42
    Post #: 3326327
    Whats the go fellas?
    Let the market down sure but still 6500 oz x 12 = 78,000pa($70m revenue)@ A$900 oz or $35m profit @ around $450 per oz operating costs
    35m / 440m shares = 8 cents profit per share
    Forward PE ratio of 1.6 atm
    IS THIS CHEAP ATM OR ARE THE FORWARD GRADES LOOKING POOR?
    Appreciate any learned opinions : )
    VRE Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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