If AYN is going to produce 1500000 ounce PA with a profit margin of $2.44 then that equates to
$3,660,000 EBITDA
Take 45% out for tax depreciation etc and you get
$2,013,000 NPAT
Then apply a P/E of 7 for mine life and you get a market cap of
$14,091,000 or a share price of .01 cent!
Now I'm not necessarily saying that it will drop down to that however they are the fundamental's.
If AYN is going to produce 1500000 ounce PA with a profit margin...
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