the worm is turning in favour of the upside, page-9

By the way, that $54m as net income is so close that we can almost grab it i.e. post Mashala acquisition completion.

So for those who like their p/e's


54m/3.5b fully diluted shares (approx) = 1.5c EPS

1.5c x forward p/e 10 = 15c
1.5c x forward p/e 20 = 30c
1.5 x forward p/e 30 = 45c

Considering that we are so early in the game of production and with resources that stretch out decades, I would be taking a forward p/e of between 20-30.

Did I mention Botswana? :)