I don't get it...why doesn't the market like it?
Their figures are struck at gold price of A$2,600/oz
Current gold price is circa $2,800+/oz
Unless this is a hint of where they see the gold price going (down to A$2,600?)
Fully funded from cash + future cash flows, dividend intact, no capital raise to dilute shareholdings...
I'm a pretty simple guy - what am I missing?
Ann: KCGM Mill Expansion Financial Investment Decision, page-13
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