Now trading at 2.4c CZL PE should be at around 5.5 PE based on my figures which will drop to 0.9 by the time they reach full scale production. This is at an exchange rate of 1.39 and excludes G&A which has typically been around $300k/quarter. LME price is used to generate the expected metal sales value. Despite the significant move this could still have several bags in it if these figures are correct.
Ann: First Plomosas Ore Shipped for Sale, page-9
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