Just to make the figures easy assuming 1.2b shares issued and the pog @ AU$1000 and costs at AU$700.
An EPS of 5% would be $60m (pa) which would require 200,000ou of gold per annum to be processed. This would give a share price all things being equal of 10cents. If 2m resource is found this would be a 10 year life for this project and should give the company the resources to develop their other gold and uranium fields. Of this dividend some should go to shareholders and the rest for prospecting and development.
Of course the SP will either trade at a premium or discount depending on sentiment at the time, however, if 2m plus is found this should give EXM the impetus to grow into something big.
If anyone wants to add to this feel free.
Good luck
BW
when gold hits 875, page-17
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