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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..
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