GREY:NWMMF - Post by User
Post by
yameon Jun 04, 2012 8:28pm
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Post# 19979384
Share should be at .28 $
Share should be at .28 $ Management said production for 2012 will be 25000 so for the last 3 quarters production will be about 6 000 ounces, it will mean a profit of 3 million every quarter.
For each year we may expect profit of 11 million $. Next year more about 15 million $. (30 000 0unces)
Nwm Valuation is 30 million (I have not added the debt), so PE is 2. one of the cheapest gold producer.
If we apply a PE of 8 share price should be at .28 $