The Cashflow Bullet, page-8

free cashflow Q2 on AISC 1017 = 18.5 -16 = +U$2.5M = A$3.25M = A$13.0M pa
free cashflow Q3 kojaks estimated AISC 780 = 28.2-17 = +U$11.2M = A$14.55M = A$41.6Mpa
free cashflow Q3 my estimate of AISC 930 = 28.2-20.2 = +U$8M = A$10.4M = A$58Mpa

A$44M current market cap /$13Mpa Q2 cashflows = PE ratio of 3.4 hahahaha
41.6 = PER of 1.06
44/58 = PER of 0.76 what?
standard PER gold stocks 13.9, NCM is 40.9

on these figures the market is valuing TRY on lower than the Q1 results still from over 7 months ago and ignoring the Q2 Q3 reported results!

assuming 13.9 PER right now TRY is earning free cashflow of 44/13.9 = A$3.17Mpa

At a PER of 13.9, TRY should be at 41c per share on Q2 figures
At a PER of 13.9, TRY should be at $1.31 per share on Q3 figure min range stated above
The PE ratio is telling us TRY is the cheapest gold stock on the ASX but this will not last,

Not with that bullet on its way.