Why not use the AISC to get a normalised earnings margin of say 1200-950= USD250 per oz?
This gives a profit of $24.3m on midpoint guided annual production of 97,500 oz.
Gives a normalised PE of around 8 for a market cap of $185m.
And how does this compare to other goldies like NST, RRL etc which have benefited from $A denominated costs recently?