sp estimate at 7.5c

Just some rough estimates for the sp :

If they maintain $ 400 profit per oz and just produce 40.000 oz per year then they make about $ 16 million profit.

Assuming $ 6 million for exploration, then that would mean about 0.5c EPS net.

Normally the producing Australian mining stocks trade at a sp about 15 times EPS, that would mean 7.5c .

Now imagine they increased the prodution rate by 50 % as hoped for.