KRM 2.94% 3.3¢ kingsrose mining limited

crude math

  1. 7,501 Posts.
    lightbulb Created with Sketch. 165
    Given that KRM's forecast production is 45K ozs (approx.) AU for upcomming year @ $1200 profit per oz & 85% interest in project, the sum should be:-

    45000 x $1200 x o.85 devided by 244 Mil (no of shares)
    & x by 10 (P/E ratio) = $1.88 per share

    or

    $2.82 @ 15 p/e ratio.

    Either ways, KRM seems a bargain @ $1.385.

    Any comment?
    Moorooka Mick
 
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