Jokerjanet the new updated figures are easy to figure out .
Recoverable ounces 180,000
Take the net profit figure from last study of US$76.9 million calculated @US$1,200 oz
Add difference of today’s POG US$1670 =US$470 oz
added value = US$84.6 million
Today’s value of 180,000oz = US$76.9m
Plus. US$84.6m
=. US$161.5m =AUD$244m
Divided by the total number of Shares on issue 2,387,754,965 = AUD$0.10 cents plus per share
IMO the present share price is grossly undervalued
& a rerate will soon happen as we get closer to production .
Hope you find this helpful .
Cheers
BSR Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
