they should do us all a favour and not issue any new stock at all. Debt is the way to go.
55m @ 10% pa = $5.5million in interest payments
1st year production is 100,000oz.
assuming gold=AUD525, thats a $160/oz margin (last statement said costs of $360/oz)
so that should be 16milion EBIT, pay off 5.5m in debt. and that still leaves 10.5m for shareholders.
opinions please.
- Forums
- ASX - By Stock
- BGF
- debt
BGF
ballarat goldfields nl
debt
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)