10M buys towards the end of the day pushing higher to 1.7c.
From the numbers in the Feb presentation, the free cash flow (FCF) over the 30 months will be $226M. This is calculated using $4385 AUD/oz.
The gold price is $600 higher than that. I estimate this will be roughly $60M higher at current gold prices.
Estimate $100M in carried losses by the time they get into producing gold.
Calculate that the project should generate $40M FCF by Xmas and around $32M a quarter for 5 quarters and less after that.
SO they should have around $100M in cash by June 30 next year. and make $20M after tax for the next 3 quarters.
With the recent grade control drilling, I would expect these figures will prove to be a bit on the light side.
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $177.3M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 6274000 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 2537187 | 6 |
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| Last trade - 16.12pm 20/06/2025 (20 minute delay) ? |
| NMG (ASX) Chart |
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