If you account for the recent announcement regarding increased MRE:
FCF jumps by ~A$1.4B
NPV8 grows by ~A$830M
You’re potentially looking at a multi-billion-dollar project with scalability and major institutional appeal.
Still a low CAPEX, high-margin story — the perfect formula in this gold bull market.
I think gold price itself could be entering a long drawn out correction, but as a 1-2 year investment, this is easily a $1-$2 stock with a MC of $1.5-$1.8bn. I just think it's going to take a bit more time and resolve than we all expect. Gold could correct for 12 months and drop considerably, but it would still not change my long term macro view that gold is the place to be for the rest of the decade.
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Last
18.0¢ |
Change
0.005(2.86%) |
Mkt cap ! $251.6M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.0¢ | 17.5¢ | $36.87K | 208.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 34764 | 17.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 278675 | 4 |
View Market Depth
| Last trade - 16.10pm 17/06/2025 (20 minute delay) ? |
| AAR (ASX) Chart |