coinemas2,
The problem is that the 15% or 7.5% is not just profit forgone but also now a cash drainer for MYG. The effect compounds and affects earnings on a larger scale.
For example, if MYG produces 50koz, it won't be making money on 7500oz and it will need to fork out the difference between 500$ and total cost. This is what i mean by "debt" for life. It is different to a gold royalty system such as franco nevada. These systems charge 2-3% of gold revenue.
This is why i stepped away. The capex was too big, the numbers were not enough to back full finance. They had to do this deal.
I stand to be correct on cash cost. Even PRU who has a cash cost of 600~ has a total cost of something like 900$/oz. This is in Africa and it is open pit.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$1.03 |
Change
0.000(0.00%) |
Mkt cap ! $96.07M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4 | $1.06 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.08 | 40000 | 1 |
View Market Depth
| Last trade - 16.21pm 21/07/2025 (20 minute delay) ? |
| MYG (ASX) Chart |
Day chart unavailable