Every $100 price rise in gold AUD (gone up ~50 in the last week) is worth ~70million additional NPV (lower case of 6000 ounces per month). Straight to the bottom line.
20c is $250million SP, or $262million EV (current net debt is 12million) thus the company got a lot more profitable between monday last week and monday this upcoming week.
As trade war heats up, and if gold goes up due to uncertainty, then 100million market cap will be very undervalued.
Gold Turnaround Story of 2018, page-1569
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