Anyone good at napkin math?
If anyone who understands the mining industry can plug in my premise numbers I'd be grateful.
Ard, can you do this?
Here's my premise.
MGM discovers and delineates 5mil oz. of mineable grade gold.
They build a mine. Capex cost amortized
They produce 100,000 oz. per year or some other reasonable number.
Gold price is $2000/0z.
Aisc is $1000/oz.
They have 300M shares
P/E ratio is 15.
Any other factors I may have missed.
What would stock price be?
Once price is established adjust for $2500 and $3000 gold
Looking forward to suggestions.
Cheers to all,
BG3