Grossly undervalued by P/E Multiple Frankfurt has Monument with a P/ E of just 7.3.
A typical proxy that I use is Jaguar Mining which has a market cap of $470 m with a P/ E of 20 times despite a AISC of over $1500 US.
By a fair example proxy, Monument should now be trading at $0.75...excluding Murchison
Fact is , Minument virtually has no effective Investor promotion program .
It will move to fair value as quarterly production confirms its sustaining cash flows.
Those who argue that we should develop Murchison ourselves , get real.
A WestGold takeover will be the best thing to happen to Murchison..