Shows $55 million mkt cap and this Q $27 million EBITDA, so its selling for 0.5 EBITDA. Many gold miners sell for 12 times EBITDA, so it could go up 24 times. Seriously unless #s are off at Alpha site. by geodan tacks good info -
The Company reported net income for the first quarter of 2018 of $5.4 million, or $0.25 per share, compared with a net loss of $0.8 million, or $0.04 per share, in the first quarter last year, with the year-over-year improvement principally attributable to the increased income from operations in the first quarter of 2018 driven by higher gold sales volumes and realized gold prices and lower total cash costs per ounce.
Adjusted net income (1) for the first quarter of 2018 of $9.8 million, or $0.46 per share, up from $3.1 million, or $0.16 per share, in the first quarter last year, also reflected the improvement in income from operations as noted above. (1) Refer to “Non-IFRS Measures” in the Company’s MD&A
Financial and Operating Summary
A summary of the financial and operating results for the first quarters of 2018 and 2017 follows:
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