Rough Calculation of what Share price could beRough Calculation on what our stock price could be. I am probably way off. Feel free to show we where.
Let's assume Balabag and Siana produce 10000 ounces/month of gold together. The price of gold at $2400/ounce. The all in cost of the mines $1658/ounce. P/E ratio of 23 like Philex Mining. 710000000 shares outstanding.
$2400 - $1658 = $742 (Profit after all Costs)
$742 x 10000 ounces = $7420000/month
12 x $7420000 = $89040000/year
TVI's share is 30.33%
0.3033 x $89040000 = $27005832
$27005832 divided by 710000000 shares = $0.038 approximately per TVI share earnings
At a P/E ratio of 23 like Philex Mininng
$0.038 x 23 = $0.874 US
1.35 x $0.874 = $1.18 CDN
This is without even considering Mabilo or other projects.
Am I way off?