TSXV:AUN.H - Post by User
Comment by
kroghon Nov 07, 2006 3:57am
273 Views
Post# 11630082
RE: A question or two for the wise
RE: A question or two for the wisegreeneggs,
see my post from September (Post #13111300).
I make the assumptions that they will choose to mine higher grade portions of the deposit in the beginning, cash cost of $50/ton, and around 90% recovery. With the older metal prices (I guess only zinc has really moved since then), I got an after tax p/e ratio below 1.
You can manipulate the numbers as you want to, but the upshot is that we are trading at a 2007 p/e ratio of approximately 1, assuming that we start mining soon.
Cheers.