So by the end of next year they will be commencing development of over a 100000 oz annually at a cost of under A$1300. Do the maths. Conservatively on a PE of 12 the MC should be close to A$1B. Nearly 10 times the current MC. Am I missing something here or is the market thinking that project finance will be near impossible to get ? Am not a gold expert by any stretch but the numbers are compelling.
BDC Price at posting:
7.8¢ Sentiment: Buy Disclosure: Held
