Be nice to have this inventory line item clarified......In any event, I guess in a few short weeks there will be figures around production / concentrate or inventory on hand / inventory sold volume that is on the water including expected sales forecasted each quarter by quarter, starting with current quarter...that will be awesome !!! Yeh !!
Analysts will finally be able to put a valuation together based on revenue or EDIBTA and PE value, love it !!
I don't want to get to excited, however a normalised PE value for a company in TIN mine production with a reasonable mine life would expect to have a PE value of at least 10 to 12 times in my opinion, this sounds pretty conservartive to me, even if the dollars go to creating value at Pembroke, Mount Cobalt, other sites, or resource expansion. !!
Hoping to see $10M clear profit per annum prior to the end of 2019 and at normalised PE, I think a conservative profit / bottom line for ANW will provide a valuation of $120M to $140m IMO.
Add what ever value you like for the other sites, could be a significant wild card for Cobalt / Nickel and extensions for Tin with Taronga, time will tell and we won't have to wait to long.
In any event, I'd just like to say as I finish my last glass of red, Happy days ahead !!!
M
(sorry for the poor grammar, I'm done tonight)
