RE:RE:$30 in the gold price is about $20M in pure profit for KLvestor111 wrote: That is additional pure profits - of course.
That 20 million in additional profit translates into .10 a share x 30 P/E should result in a 3 dollar/share rise.
In other words, every 10 dollar rise in gold should translate into $1 /share from a valuation perspective.
1350 gold should bring us 25 a share
1400 gold should bring us 30 a share