Hello Peter
If SUF's Angolan partners took out $69,000,000 (45,000 carats) in roughover last year's dry season from the aluvial claims, then you would have to anticipate that the company should at least double if not quadrupal that figure. (All things being equal)
SUF's share is 10% x (4 x 69,000,000) = $27,600,000. Lets also project for the sake of argument that SUF finds 45,000 carats or another $69,000,000 on the fluvial claims. At 35% their share comes to $24,150,000.
So $24M + $27M = $51,000,000
Divide that by 32,000,000 shares = $1.59/share.
Lets assume shares will trade at 20 times earnings so value might reasonably be projected to $31.80/share excluding Klipspringer news and/or other announcements.
Spit balling here, but interesting numbers that we might anticipate between now and December.
Regards |
