$3.90 valuation by GS updated, page-131

All I know is that every stock I have ever owned during the last 35 years has had unexplained drops. Putting aside current sentiment and unknowns let’s give some attention to the likely news flow for the rest of 2020:

1) Release of the Simberi Sulphides PFS which should show a material NPV.

2) Confirmation of completion of the Gwalia Extension Project.

3) March 2020 Quarterly Report which should report growing production, lower costs / Oz and record revenue/ Oz.

4) June 2020 Quarterly Report which will build on the news of the March Qtr.

5) FY 2020 results which should show a 100% + improvement in H2 NPAT Vs H1.

6) Will the H2 dividend be lifted to $0.06? Not at all an unreasonable possibility.

7) FY2021 guidance which will make FY 2020 look pedestrian.

8) FY2021 Gold sales at record prices with a large amount of unhedged production.

9) Finally, ending the year with a positive Simberi DFS will be the cream on the cake.