OTCQX:ELYGF - Post by User
Post by
Popfrackon Aug 29, 2020 2:29am
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Post# 31474634
Some numbers
Some numbersELY expect 16MM$ revenue in 2023 (with a POG of 1500$)
Considering MAX 2MM expenses
3MM taxes
we have 11MM earning after taxes in 2023.
Royal Gold have a PER of 40
Hypothesis POG 3000$ by the end of 2023
so the earning should be around 22MM$
So if we apply PER of 40 like Royal Gold ELY should have a 880MM market cap so 4 times today price.
Skylockreturns does my numbers make sense to you ?