RE: share price to jump21 Jan 2021 16:48
I think it was Mr Positive that put some rudimentary scheme economics on here - it went something like :-
11,000,000 ounces confirmed by drills
At $2000 per ounce
= $2,200,000,000
Less fixed and variable coats say 75%
= 25% net profit say $5,500,000,000
Or £4,015,000,000
At Price to Sales = 1 then market Cap =
£4,015,000,000
Versus current market cap = @ £50m
Or increase 80 times from todays value
Is that right?
O