Horse before the cart on my $7 call. Whilst given time EVN will achieve that if not at 35.8c EPS FY25 it would be other factors. In other words it won't be today...
In saying that, it looks like my 35.8c EPS is mid range according to some analyst out there. 30.80c - 57.5c. So higher than $7 is definitely possible.
Suffice to say that this coming March Q will be the linchpin for that.
Other Factors in the peripheral:
1. Looking at the NST update today it is clear that the Mungari operations will be less than ideal for March. I'm now factoring in an increase in AISC for Mungari to the tune of $100+.
2. I was fretting EVN's large debt a few weeks ago but then I reminded myself that there is a very good reason for it. Apart from acquiring those assets the bears fruit for the future. It is to stave off a repeat of the Sino Gold (JK previous company) TO incident. It is a poison pill defence. At the very least make yourself less attractive for a hostile TO. We can all see with the NCM TO that the big Goldies have insatiable appetite to increase ounces given the high gold price environment.
Horse before the cart on my $7 call. Whilst given time EVN will...
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$3.76 |
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