Based on your calculations, you are correct in the amount of gold, but as far as the PPS, not exactly. It depends on a lot of things...how fast can they get at the 140million worth of theoretical gold. Will it take 3 months, 1 year, or 5 years? How much does it cost to produce that gold. Lets assume they can do it in 1 year. If it cost 40million to retrieve 140 million worth, that would be a profit of 100million. So, the 140 million you are talking about would be revenue. You need to determine the cost of getting that revenue. So, to get an EPS, you would take that profit and divide by the number of shares. So, just as a hypothetical, if they did recover 140million dollars in gold and it cost 40 million to do it, giving 100million in profit, you would take 100 million and divide that by 12.5 billion (number of shares) and get .008 (EPS). Now, that doesn't mean the stock price would be .008. Usually, stocks are a particular multiple of the EPS (of course this is completely arbitrary because so many factors determine the value of a stock..growth, depreciation, assets, liabilities etc). But again, theoretically, a multiple of 15 would not be out of line. Putting the PPS around .12.
But, the multiple could be 30 or it could be 5. Lots of factors are involved. But, I can tell you this...if they uncover 140million worth of gold in a qtr or 2, you won't be worried about what the PPS is, you'll be too busy counting your money. I'd be happy if they can make a profit of...well, anything, but 5 million would certainly be nice.
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