I must be missing something here.
In the Annual Report we read on p.6:The LOM plan delivers the following key outputs (refer to ASX announcement dated 24 October 2022):
402K oz produced over a 7 year mine life
Pre commencement CAPEX of A$51.8M
C2 Cash costs (including royalty) of A$1,482 per ounce, AISC A$1,618 per ounce
At gold price of A $ 2,200 per ounce pre-tax cash flow of A $234M and NPV of A $152M (7.5% discount rate)
At gold price of A $ 2,500 per ounce pre-tax cash flow of A $354M and NPV of A $242M (7.5% discount rate)
Pre-Tax cash flow of A$354M with gold price of A$2500.
When you think that the gold price is more like A$2950, that gives a cash flow of something well in excess of A$500M
- my rough calculations are a NPV of A$360M+.
At the moment our company is valued by the market at a bit over A$50M. ( 286M shares - last traded 0.185)
We haven't even started to count what might come from the more valuable site - Laverton.
FML has already started producing positive cashflow - see bottom of p.6 and top of p.7 - cash flow $4.5M +
So how come shares aren't trading over $1?
Tell me what I am missing, please.
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Ann: Annual Report to Shareholders, page-6
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19.5¢ |
Change
0.005(2.63%) |
Mkt cap ! $55.87M |
Open | High | Low | Value | Volume |
19.0¢ | 20.0¢ | 18.5¢ | $104.4K | 541.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 13354 | 19.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.5¢ | 81748 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 13354 | 0.190 |
1 | 15000 | 0.185 |
2 | 65000 | 0.180 |
1 | 7852 | 0.175 |
2 | 108446 | 0.170 |
Price($) | Vol. | No. |
---|---|---|
0.195 | 81748 | 1 |
0.200 | 100000 | 1 |
0.210 | 7115 | 2 |
0.220 | 17000 | 1 |
0.240 | 15509 | 1 |
Last trade - 15.23pm 28/10/2024 (20 minute delay) ? |
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