Does anyone know if mgt is considering hedging the gold price for the Shambesai project? I know hedging is currently out of favour BUT if they hedged the initial 180,000 ozs of production only, at say $1400 oz, this would increase the project's cash flow by $72m giving a total return of $190m for a capex outlay of $16m.
the advantage that i see is that it gets rid of pricing risk for those 180,000ozs while leaving the bulk of the resource unhedged. turning this into a low risk/high return project which is a certain company maker.
no more capital raisings - sorry mr chairman - and enough cash flow to drill the hell out of the prospect. share price zoom zoom!!
DYOR
kickin' it in the kyrgyz, page-5
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add TCG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
26.5¢ |
Change
0.010(3.92%) |
Mkt cap ! $198.9M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 26.5¢ | 26.0¢ | $451.4K | 1.707M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 98549 | 26.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.0¢ | 37505 | 3 |
View Market Depth
| Last trade - 16.10pm 06/09/2024 (20 minute delay) ? |
| TCG (ASX) Chart |