rickstar , theyre gonna bring in 58mill per year from 4000 tonnes proddy
After 2 years thas over 100mill in bank
they can use this to develop armenia gold
the main thing is to bring in the CASH-FLOW from the copper and produce as much as possible in the plant at optimal levels.
with 50-60mill cash coming in and no taxes for a while, theyll have enough for drilling for sure and with more and more cash flow, theyll eventually get the gold in operation
Like I said, purely based on copper, theyre gonna make roughly 5.8 cents per share and im using costs of $2USD and not the 1.30USD theyre saying itll eventually lower to.
you can give a PE 5 in a bear market and you get 29cents valuation
you can further discount the valuation back by 15-20% for 'risk' till this 4000 tonnes eventuates and you still get about 25cents value using the above variables which are all conservative given that we're in a bearish type market for now till the US comes back.
So we're being conservative here with every variable!
Based on 3000 tonne proddy EPS is 4.4 cents per share; PE 5 and you get 22cents
the share thus in a bearish market should trade around that level, as it completely discounts the gold and extra copper production.
ive been VERY conservative already rickstar
cash-flow from copper and account for all the drilling to increase copper proddy. Once thats done, itll be a cash-cow.
And then they can get to the gold .
thats 2 years away at least IMO
Still , if ure conservative like I have been , you still get a valuation that should be 50% higher than what its trading at.
14c at 50% higher, gives my valuation based on 3000 tonnes!
- Forums
- ASX - By Stock
- SMM
- rough estimate of what its worth eps n pe wise
rough estimate of what its worth eps n pe wise, page-5
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SMM (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.092M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.3¢ | $310 | 103.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 15261001 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 629762 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 15261001 | 0.002 |
16 | 44300702 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 629762 | 4 |
0.004 | 7764584 | 9 |
0.005 | 4723155 | 8 |
0.006 | 1704400 | 3 |
0.007 | 3478571 | 5 |
Last trade - 14.29pm 16/08/2024 (20 minute delay) ? |
Featured News
SMM (ASX) Chart |