RE: SA coming wave30 Mar 2020 13:59
Alfa,
Forgive my ignorance but if it costs that much to build a mine and a processing plant, and we have two mines and plants as I understand it, that means our assets , ignoring the stuff in the ground , are $600m in value, which is much more than our market Cap just now, without taking account of yearly profits an P/e Ratios and all that accounting stuff. Surely some genius in the stock market must realise this and so our SP should be even more than SP Angel's 82p, or have I got it wrong?
1.2 billion shares, $600million plant value+ stuff in ground plus multiplier of profits each year, and some pillocks question whether the company can survive!! Surely on asset value alone we should be over £1.00. I am but an ignorant penpusherbut perhaps some accountant might summarise what our value is, so we can divide that by 1.1billion to see how asset backed each share is?
KN