A question on valuation

Here's one for you. If a junior miner was producing a certain number of ounces per year, say 50,000, and had 150,000,000 shares (fully diluted) what multiple of annual sales revenue would be applied to the total to do a down and dirty valuation of a company.

For example, at 1,500 an ounce times 50000 ounces would be 75,000,000 annual revenues.

Remember, 150 million shares fully diluted.

Is the company worth ! dollar? 2 dollars? more? less?

Just a down and dirty, assuming no debt, etcetc.