Agree with you @Cunnington1 , even with this run up it is still massively undervalued.
They made $38m cash last quarter with a realised price of AUD 3130 due to their inherited hedges. Those hedges rolled off at the end of the quarter.
So assuming they are still producing at around 31,000 oz they will be generating about $53m cash this quarter.
And a clear pathway to increasing production to 200koz over the next 12 months with little capital required which will bring their AISC down to AUD 1700-1800.
Ann: Diggers and Dealers 2024 Presentation, page-20
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Last
$2.67 |
Change
-0.140(4.98%) |
Mkt cap ! $602.8M | |||
| Open | High | Low | Value | Volume |
| $2.80 | $2.85 | $2.51 | $2.465M | 922.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 15000 | $2.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.69 | 16000 | 1 |
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| Last trade - 16.10pm 17/09/2024 (20 minute delay) ? |
| CYL (ASX) Chart |