Difficult on to get accurate, however, they are making about A1M per quarter (1062ounces of gold per qtr) on the Reefton royalty and their current market cap is 53111200 shares at 29c (fri close) = 15.4M so PE is 3.85 if we only consider income. They also have 2 additional royality streams that should come this year.
Now if we consider the exploration and administraton for 9months it was approx 2M so for the year say is adds to 3M approx. Then the PE is earnings should be around 1M so a PE of 15.
If you look who is topping up on this one then you and the % the Top 20 own, it must be good dirt.
RCO Price at posting:
29.5¢ Sentiment: Buy Disclosure: Held
