Can someone explain to me what is the expected cash flow per annum for RND? I cannot understand from their Q statement. It seems they are paid by taking their percentage of the mine/s production each quarter in gold dorê, for the same quarter though they seem to be bearing cash costs which are noted as cash outflows on their quarterly statement.
For example in the latest quarter they seem to have beared ~A$7.5M cash outflows to gain (25% of 25Koz) ~6.5Kz of gold dorê, so seemingly a A$5M free cash flow (doré minus cash outflows), so around A$20M per annum.
Given that RND Mcap is A$130M with zero debts and had A$45M of cash and equivalents their EV is A$85M so their EV/FCF is a mere 4.25x .
Can someone verify my calculations?
RND Price at posting:
$2.21 Sentiment: None Disclosure: Not Held
