GOLD 0.51% $1,391.7 gold futures

That's the thing about this mob, there is no creative...

  1. 5,536 Posts.
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    That's the thing about this mob, there is no creative accounting, continuous cash flow reporting. They have
    100 000 ounces on the ROM pad for circa $72 million FCF as the AISC is below $800 aud , the mining cost have been capitalised against this years production. They are the only goldie I know of that reports this way. This quarter grade should be up 25% from the pit and extra 3% mill availability as last quarter they had a reline and it was 93% availability as opposed to 96% standard. Dec was record ounces, March qrt was record op cashflow and this quarter should beat both of them IMO. Have a look at the last presso on whirling dervish pit. Strip ratio fell from 4-1 to 1-1 and grade went from 1.6gpt to over 2gpt. This next year is their sweet spot for cash gen and funding a doubling of production through cash flow no debt. I can't find an equivalent on ASX, really depends on POG but quality IMO. DYOR and have a great weekend.
 
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