Am liking your thinking 1S1.
Based on feaso study which stated $500/ct = $4m net per mth for just aluvials, then look at the following;
@ an ave sale price of just $5000/ct = $40m/mth = $480m per annum
Shares = 208.7m fully diluted
EPS = approx. $2.30
P/E ratio
of 5 = $11.50
of 7.5 = $17.25
of 10 = $23.00
Sure is worth a punt
Cheers
