Thought I'd share some insights on some numbers for next year based off this presentation.
Using the lower estimated production figure and an assumed AUD equivalent gold price of $2400 the estimated revenue for FY 2021 is $888 million.
Using the listed AISC of $1435 the costs are $531 million
Thus an estimated profit of $357 million.
Assuming no change to the shares on issue (704 million) the estimated EPS is 51c/share.
Using the current EPS and Dividend payout (from the presentation) we can calculate a return of 44%
Assuming this holds for FY21 earnings the Dividend is calculated at a 6.6% yield assuming current SP. A growth of 282%. or if the SP adjusts to maintain yield then the SP would need to reach 9.57.
Food for thought. Plenty of Dividend downside protection vs interest in a bank and plenty of upsode growth potential.
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