blake, say they get the production costs down to $25, plus $4 admin etc gives total cash costs of $29, a $5/oz profit will give cash eps of 0.063c/share (fully diluted capital of 7.6bn shares, made up of 1.6bn options, 5.4bn shares and .6bn shares from the convertibles).
Which is a p/e ration of 5.
So, $34/oz.
blake, say they get the production costs down to $25, plus $4...
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