EMR 2.56% $4.00 emerald resources nl

Ann: Quarterly Cashflow Report, page-9

  1. 283 Posts.
    lightbulb Created with Sketch. 58
    At an AISC of $754, assume the gold price moves 10% every year, in 2 year's time it would make a profit of ($2500-$754= $1746 per oz).

    With an annual production of 106koz, the profit is $185M.

    With 515M shares on issue, that works out to $0.36 per share before tax and royalties. Assuming 30% tax and 5% royalties, that's $0.2334 left per share.

    Since the crew's from RRL, let's take RRL's 10.5 P/E ratio. This means it could reach $2.45 with a 12c dividend a year.

    There is something very alarming about what I have just posted.
    Last edited by mobius76: 18/11/20
 
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