Hi Shoeb,
I guess we all have our own personal valuation models; on a previous post way back I did some quick calcs to arrive at around 20c - 30c (using P/E extrapolated out of the BFS for the gold).
You'll read this sentence quite a bit on the FML arena .. "then there's the nickel".
I read on another post that the salvage value of the processing plant alone is around 5c per share.
Mgt are committed to producing 100,000 oz per annum within a few years which even at $350 per oz profit is around 35 mil gross profit pa. At a p/e of say 10 puts the company valuation at about 350m (1bn shares roughly = 35c ps).
"then there's the nickel"
So even attacking the valuation at a few different angles, napkin style, a bracket could be 30c - 50c quite easily in time.
Please as always don't use HC for financial advice, estimates above are for your entertainment only.
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Hi Shoeb,I guess we all have our own personal valuation models;...
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