SP movement, page-87

Even if we throw some crappy figures at our 'being commissioned processing plant'.
Rated at 80Ktpa but runs poorly and only processes 60Ktpa. Grade is less than expected and only manages 5g/t of gold recovering 300,000g of gold = 10,500 oz. Lets say costs blow out to $1,200/oz leaving profit of $500/oz. This gives a profit of just over $5M pa. Lets say some further funds need to be raised and shares on issue increase significantly to 2.5B. At $0.01 per share, this gives a market cap of $25M and a PE of 5.

With a current share price of 0.7c an increase to 1c is an increase of 43% - not bad hey!

Now just imagine our plant runs at full capacity and is even expanded with minimal cost, grade is over 10g/t at a cost of $1,000/oz. Price of gold continues to increase as global tensions continue to escalate, gold for oil kicks in and gold fever hits the markets... Just try and wrap your head around that and where the market cap, PE, and associated share price will be... any guesses!