RRL 0.00% $1.99 regis resources limited

News: RRL Regis Resources Records September Quarter Gold Production Of 114.8Koz At An AISC Of..., page-86

  1. zog
    3,068 Posts.
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    The table is for EV payback:


    Payback (yrs)
    1CMM26.35
    2GMD12.00
    3EMR7.59
    4GOR7.26
    5RED6.99
    6RRL6.33
    7NST6.18
    8EVN5.50
    9OBM5.09
    10RMS4.40
    11ALK4.29
    12RSG2.96
    13WGX2.77
    14SLR2.70
    15WAF2.43
    16CAI2.26
    17PRU2.00
    18PNR1.59
    19CAI1.59
    20AMI0.99
    21SBM-4.56

    What it is showing is the Enterprise value (EV - market cap plus net debt) divided by the AISC margin (i.e mid point production guidance x (current PoG (with adjustment for hedges) - mid point AISC). What its doing is evaluating the time (in years) to repay the EV at the current mid point ASIC income. It does not account for non sustaining capex and exploration (i.e non AISC components) . What it is showing is that on this basis CMM will take 26.35 years o repay its EV - this does not account for their potential income from future projects (i.e CMM's Mt Gibson project)
 
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