I have dig some info from ASX and TSX operating gold mine, the PE value range from 15-30x.The first phase of production will bring USD 30M(AUD 40M)(@gold price of USD1500, all in cost USD855) profit. the market cap should be way much more than AUD 600M according to first phase production?Without further capital raising and dilution, SP should be AUD 1.2 when the first gold bar poured? If gold price keep 1900+, the SP should be somewhere around 2? correct me if i was wrong?
Some thoughts over TGM’s future?
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