Champ
I think your PE of 2 is a bit optimistic.
For a PE of 2 based on 230,000oz Production you would have to have all up costs (including Overheads and Depreciation) of $1050 per oz and POG at $2000 AUD and only minimal exploration written off.
Based on all of the above and POG $1400oz AUD I have a forecast PE of 6.
I do agree however if they increase production and cut costs a much lower PE would be possible.
A lot will depend on the actual costs in the next quarterly report plus any write off in the full year accounts.
Get those two items out of the way and yes the share price will go up.
We will find out soon.
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