AUMN P/E = 4
by next year AUMN should be producing 2,3 million ounces silver and 32,000 ounces of gold or about 3,6 million silver eq ounces.
They are fully funded to do that,and I dont see silver dipping below 30 USD or gold under 1500.
So now, do you understand that they will be mining or of 175g/t silver + 2,5 g/t gold at a 1300 tonnes per day. You do the maths.
The revenue for 2013 at current metals prices should be around 125 million USD, say they have a 45% margin, that's 60 million USD in after tax net earnings or 4 in P/E.
16$ TARGET PRICE !