Feeks...20 Feb 2018 08:44
Lol...pay no need to ARahim...have a look at his valuations he played in before. PMSL....
28 Nov '17
as I said there are three stages and three time frames
short term: 9-15 p is a build up on expectation given the size of gold reserves that may be discoverer in DRC
middle term: 60p is built on the expectation on the sale of gold reserves in DRC + some solution to Slovakian mine
long term: 300p full exploitation of DRC gold reserves plus may be Slovakian reserves. taking the lowest estimates of both DRC mine and Slovakian mine we have 2,000,000 once + 900,000 once = 2,900,000 once, divide by 10 year exploitation. that is 290,000 once a year by $1000 'long term gold price' = $290,000,000 a year deduct all costs
and the apply a reasonable cut off this is ~ $30,000,000 a year net profit after tax given that the price of shares is roughly 10 times the dividend then the company could be worth $300,000,000. this is very conservative figure given that the cut of may be much higher in DRC mine and the reserve could be much larger.