Bullboard - Stock Discussion Forum Golden Shield Resources Inc C.GSRI

Alternate Symbol(s): GSRFF

Golden Shield Resources Inc. is a gold-exploration company. It is in the business of acquiring, exploring, and developing mineral properties, primarily those containing gold and associated base and precious metals. It is focused on three, 100% owned, exploration projects in Guyana, South America: Marudi Mountain, Arakaka, and Fish Creek. The Marudi Mountain project is located in southwestern... see more

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Golden Shield Resources Inc > Gold Shield + Tucano Gold have a combined PE of < 1 in 2025

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Post by Lockstock1 on Aug 23, 2024 5:38am

Gold Shield + Tucano Gold have a combined PE of < 1 in 2025

Got an update from Tucano Gold yesterday here which states their very low PE ratio. Right now the main hurdle that Mina Tucano faces is finishing the plant renovations and switching it on - they have a 20k Oz stockpile sitting there ready to go in as first feed.

With that in mind this seems like a no brainer with lots of upside. Any thoughts on potential PE ratio post listing?

212

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Comment by OldGold on Aug 25, 2024 10:02pm

Surely a PE of 6 is a very low ball number, making this a 36 cent stock all day long.

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Comment by OldGold on Aug 26, 2024 1:24am

I think a 6 x PE is an easy target, given that Tucano will be a producing mine at around 10koz a month, which would put Golden Shield’s share price at 36 cents.

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