KRM 2.94% 3.3¢ kingsrose mining limited

Hi dan69,Even though the plant has not been at full...

  1. 7,501 Posts.
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    Hi dan69,

    Even though the plant has not been at full production
    during the Mar qtr, if we annualise this result
    at today's gold price & cost of production we should get 23 cents per share earnings which, multiplied by a modest
    10 multiple going forward should give us a sp of $2.30.

    Please note that established gold miners such as NCM
    & MML have a P/E in excess of 26 with a much higher cost of production. The ASX 200 average P/E is about 15.

    Cheers
    moorookamick
 
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