Wubing, I have done the following theoretical equation many times. If you work on the current US spot of $17.2 (Aust + $22.33 app) Oz less cost $A 16-18.00 (say A$18.00) then P=A$4.33 Oz x say 50 mil=$216.5m.
App 700 Mil shares & opts=app 30c per share (but still early days IMO). Certainly 2, 3 or 4c chicken feed. Only about 1/10 th value IMO so no wonder the big US boys are starting to watch us closely.
Add to My Watchlist
What is My Watchlist?
