Seb93, Thank you for pointing that out.
Earnings are Net earnings. I used Gross earnings.
AUD $2000 - AUD $870 (AISC) = AUD $1130.00 Net earnings per ounce
25,000 ounces x $1,130 = $28,250,000.00 (net income) /3,500,000,000.00 (shares on issue after exercise) = .0081 eps
Current P/E Ratio .047/.0081 = 5.8
P/E Ratio of 5.8 is, as far as I can tell, well below the industry standard. Probably due to the fact that we are yet to earn.
Regards
Dyno
Seb93, Thank you for pointing that out.Earnings are Net...
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