BCN 4.17% 2.3¢ beacon minerals limited

I'm still new to this so would I be right on this one? If the...

  1. 199 Posts.
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    I'm still new to this so would I be right on this one? If the AISC is $870/ounce at today's gold price of $2200 (argument's sake once again), to calc eps it would be $2200-$870=$1330. $1330x25k ounces = $33,250,000. Then eps would be $33,250,000/3.5b shares = 0.0095. So a PE of 10 would mean actual share price of 9.5c?
 
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