but you think if the gold price stays above AUD$1350 and goes up to even AUD$1550 between now and the next 3yrs, PXG stock can get back to around 25c-35c mark? is this is your view pretty realistic from everything we now know? thanks.
I have done some VERY rough calculations, in the next few months PXG will probably have around 350million shares on issue.
SAy in a 2-3yrs when castle hill is in full production, PXG will get 100,000oz/yr, all in costs of AUD$1000, selling at $1400 ($400/oz profit)
total revenue would be $140million/yr
PXG will be making $40million before tax profit right?
im guessing EPS would be about 12c/share
At $1 stock price gives us a PE of about 8
at $1.20 stock price give us a PE of 10
that's very realistic isn't it?
all we have to do is hope POG stays around AUD$1400+
PXG Price at posting:
14.0¢ Sentiment: LT Buy Disclosure: Held
