RNS - 2017 Guidance26 Jan 2017 07:29
RNS out:
My calculations are as follows. Corrections please!
90,000-100,000 ozs at an all in cost of $925-$975/oz. If the PoG is $1200/oz, that should represent a profit of $250/oz or overall $22.5m - $25m. or up to £20m. That translates to about 0.4p/share or, at a PE of 10, a SP of 4p. An increase in th PoG could see this grow rapidly.