wa news - price?, page-8

Able lets assume they do 220k oz in 2016 and sell it for A$1800oz. I'd say total costs will be c A$1200oz so that's a A$600 margin or A$132m net profit pretax. After tax its earnings of c.A$92m or nearly 11cps, not 20-30c, but still pretty impressive and like you say less than 30c would be a travesty. Lets hope the board fight hard for a decent deal, unlike the GDO seel-outs.