per of 1?, page-8

Company's news release was forecasting revenue $2.1 million a month before haulage and processing cost.

So at the above P/E about 18 or 19c a share, based on positive cash flow from this mine.

However, this is a mining company, with other projects and the cash-flow from this mine will most likely go to finance the US nickel exploration.

So there probably will not be that much cash left in the kitty after paying for other exploration and the on site mill.

If the AU deposit will prove big enough to last quite a few years, one possibility might be that another bigger, cashed up gold miner might take over the company, break it up, keep the productive gold mine and on-sell the nickel leases to another explorer.

The nickle prospect should certainly be worth something and add a few more cents to the gold P/E valuation.
And a good find should kick the SP a fair bit higher