RE: 4 days left25 Jul 2023 18:01
If. I i know its a big if we start producing around year end.
Google tells me the average price to earnings is 20-1.
At present 62% fe price, ufo could be making $50 a ton profit. At 1m tons processed that is $50m (possible)profit in 2024. Say a price to earnings of 10-1. That's $500m divided between 5.4 billion shares. That's around 9p if i am right.
To be fair i can't see ufo achieving that on hanc0ck alone, but it shows how much upside there is here and given the other projects, our patience could be well rewarded