KRM
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11.8% 3.8¢ kingsrose mining limited

Given that KRM's forecast production is 45K ozs (approx.) AU for...

  1. moorookamick
    7,501 Posts.
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    10/01/11
    05:56
    Post #: 7708441
    Given that KRM's forecast production is 45K ozs (approx.) AU for upcomming year @ $1200 profit per oz & 85% interest in project, the sum should be:-

    45000 x $1200 x o.85 devided by 244 Mil (no of shares)
    & x by 10 (P/E ratio) = $1.88 per share

    or

    $2.82 @ 15 p/e ratio.

    Either ways, KRM seems a bargain @ $1.385.

    Any comment?
    Moorooka Mick
    KRM Price at posting: $1.39 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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