Flame suit on - check!
"Market darling" NST have a P:E of 8.6 so the same would put ABU @ $1/share *IF* we can show we will produce 60,000 oz of gold / year @ AISC of around $800. Conversely, explorer GOR, no production until 2018, is worth 3.3x our market cap, so a similar valuation would make ABU $0.85c/share.
OK, so somewhere in that range, 85c -> $1 / share is quite probable & my pick!
More if gold takes off, less if we get a "black swan" event ...
":^)
Brett
September Quarter Comments, page-2
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