Value, risk/ reward7 Sep 2023 14:57
With an mcap of £4.7m
Gold at $1920
Current gold production at 7200oz
Annual turnover at $13.8m
ASIC at $1220 that's $8.8m
I'll leave you to work out the P/E
Whilst it's a small fry company atm
$11m cash injection and in 6 months time
24000oz at $1920 and $47m
AISC would drop probably to $1100 but we'll leave it at $1200
$29m.
Massive potential, low risk of going under as running at a profit, low risk of dilution as current funding through revenue and expansion funding none dilutive.
I'm moping up all the 0.25s I can afford