Quite a bit of info in here which matches up with the information I have received from the company in general correspondence.
*Recoveries are up, production is up.. Looking at 11,400 ounces of gold per quarter with approx a further 600-700 equivalent in silver, total just over 12,000 ounces a quarter going forward.
This bodes very well for cast costs, which should get under US $700 an ounce. Every dollar they can squeeze out is important while they get through the hedge. As while its great having a high USD gold price, the bottom line is not getting a huge boost from it yet. Approx 28% of this quarters production is unhedged, so 3,400 ounces, which at approx USD $1200, will push the average price received up from the hedge price of $1083, to approx USD $1102. The big gains will come after June, when the hedging is only about 35% of PGI production. By years end, if the POG in USD is high, the cash generation will really start kicking in.
*Refinancing on going - done within the next 2 months, although I am hopeful it might be a little earlier.
Very happy to see that BJ and the team already have a plan B. With a US bank willing to simply lend what is required to payout CAMIF etc. 3 year loan term would allow PGI the flexibility to get on with securing other sources of ore plus fund their share of a potential plant in China (All IMHO).
*Gaining traction with the government in regards to importation etc. I can only assume that the DR is seeing the $$$ in regards to taxes etc if PGI was able to important high grade concentrate.
*NPV of $0.44. Yes, the debt needs to be repaid but still... PGI is very cheap, but I can understand why the market is not enthused yet.
Its a little frustrating to see the price of silver still staying low (ratio has blown out compared to gold price), while not a huge earner for PGI, every $1 per ounce would add $250k US p.a to the bank balance.
Good luck to all holders.
- Forums
- ASX - By Stock
- AAU
- Ann: Appendix 4E Unaudited Preliminary Final Report
Ann: Appendix 4E Unaudited Preliminary Final Report, page-2
-
-
- There are more pages in this discussion • 48 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AAU (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $5.114M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $569 | 162.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
44 | 45248414 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 28713127 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
40 | 43171877 | 0.003 |
34 | 50234035 | 0.002 |
11 | 25699950 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 28713127 | 23 |
0.005 | 2210404 | 6 |
0.006 | 1105216 | 3 |
0.007 | 2906213 | 3 |
0.008 | 4500000 | 3 |
Last trade - 10.32am 20/08/2024 (20 minute delay) ? |
Featured News
AAU (ASX) Chart |
The Watchlist
CC9
CHARIOT CORPORATION LTD
MD - Shanthar Pathmanathan, Geologist - David Trabert
MD - Shanthar Pathmanathan
Geologist - David Trabert
SPONSORED BY The Market Online