KRM 2.94% 3.3¢ kingsrose mining limited

Hi MaseyFerguson, I know nothing about MML but with the...

  1. 539 Posts.
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    Hi MaseyFerguson, I know nothing about MML but with the uncertainty in the gold price, how can anyone pin a PE on FY14 for any gold stock? For KRM there is even more uncertainty as we have no idea what production is expected from Talang Santo. Using FY12 Way Lingo production and a bad indicator of future performance, I can paint a picture that gives a KRM FY14 PE of 3:

    Gold produced and sold: 40,000 oz @ US$1250/oz
    Silver produced and sold: 500,000 oz @ US$20/oz
    Revenue: US$60m
    Total cost of production: US$20m

    Earnings: US$40m @ US$0.92/AUD
    EPS: AU$0.167 PE($0.53):3.16

    Is that PE of 3 any more or less likely than a MML PE of 2? Noone knows.
 
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3.3¢
Change
-0.001(2.94%)
Mkt cap ! $26.37M
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3.5¢ 3.5¢ 3.3¢ $6.507K 193.2K

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No. Vol. Price($)
3 320000 3.2¢
 

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Price($) Vol. No.
3.3¢ 151333 1
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