Seems clear now AWJ will have enough cash to fund Munda plus buy Burbanks and maybe another small acquisition after Jeffries final cash distributions are complete. Great position to be in and with a gold price above A$ 3,500 Munda is going to be very profitable, might require some patience with the SP for a while but those prepared to wait there’s a lot more to come from AWJ. Picking the right small cap stocks is a tricky business but AWJ has demonstrated in the last couple years they can be trusted, they have bettered all their previous forecasts by a significant margin and it gives an expectation Munda will be no different, 100k oz seems a very conservative figure for Munda but at current gold prices this still generates around $200 million free cash, stay patient folks and we’ll be well rewarded
AWJ Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held
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