2,868 AuEq in May. How can that relate to a price per share ? One calculation ....
2,868 AuEq per month times 12 months = 34,416 AuEq per year.
34,416 times a very conservative $ 400 per ounce profit margin = $ 13.766 million dollars PROFIT !
13.766 times a very conservative PE of 10 ( easy math ) = 137.66
137.66 divided by 244.766 million shares outstanding = $ 0.56 pps
**************
Current Market Cap is $ 28.59 million
Current Price Per Share is $ 0.13
To me, this is still an easy 10 bagger. Maybe not today, but very soon. I am on for the ride. Long $NHVCF.
Live Long and Prosper !
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