Blister - just to clarify your calcs. 80,000t per annum at 10g/t = 800,000g. This is equivalent to ~28,000 ounces.
Therefore at 10g/t gold at full plant throughput we get 10c a share with a PE of 10. Personally I would aim for a share price around 5c - allowing for some further dilution and a market capitalisation of $100M.
Nothing to sneeze about vs a current price of 0.7c!
AUL
Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
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