GREY:NWMMF - Post by User
Post by
LBERARDon Aug 26, 2011 2:35pm
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Post# 18983696
2012 earnings
2012 earnings If the company meets it's gold production target next year of 42,000 ounces, that would bring in $75,000,000 at today's gold price. After costs of say $600 and ounce to extract it that leaves $50,000,000 profit or about .12 a share in earnings. I'm thinking the stock is cheap here. A modest PE ratio of ten makes this stock a huge gainer. I'm looking for $1.25 share price in 12-18 months.