Interesting share9 Jan 2014 08:12
This looks good - a miner that is actually at the production stage and still at minimum valuations. According to the last RNS they have 27,000 tonnes of ore stockpiled at 8g/tonne which equals 216,000g of gold = 6,945 ounces @ say $1,200 = $8.3M worth of gold in the stockpiled ore before they stick another spade in the ground, and if they get life of mine production by Q2 it will be trading on a PE of 1. Surely due a rerate soon? Thoughts?