From beyond4 Aug 2018 12:45
Comparison
UAMY, well I do know their gross revenue per annum.
In 2017 it was $10,229,978
They have moved on since then but not much I think.
$10 mil revenue = MCap of £38 mil
3.8 x revenue.
What is TSTR revenue?
Sb 8000 Tonnes x $8000 = $64,000,000
Sb = 60% of TSTR revenue and gold 40%
Earnings at: http://tri-starresources.com/projects/spmp-project/
So $64,000,000 = 60%
40% = $42,666,666
Total revenue = $106,666,666
3.8 x revenue = $319,999,998 or in £
£243,977,598.
That’s £2.59 per share.
Now I know there is one or two that will say “doesn’t work that way from beyond” but I am happy with that calculations (near to full production) and happy to hear if you have a better way of assessing potential, before Odeys go to the market for funding for 2nd gold roaster (read RNS’s carefully – And IMHO that’s why it won’t go private)….
Still going for hot commissioning around 8th Aug – Despite it clearly on website as starting in “July” (now 7 days) and 1st metal production in August (max 38 days till producing saleable product)….
“we there yet?” – No but close, so close I can smell it….
Anybody care to put their own figs down if they don't agree????