Revised table which gives a cash flow of ~ $ 380 M until EO FY23. No debt and some cash in the bank. There is no hedge yet for FY22 and 23 so I am assuming respectively 2400 and $ 2700 per ounce. When you compare it with previous cash flow, by memory in the region of ~800M, you get half of the cash but concentrated in the first 3 years so at an improved margins and NPV. So assuming exploration upside and a sound plan for Westralia I could assume the same MC of today + 100M total MC in the range of $ 400M/560M shares = ~0.7$/shares which is a 100% upside from CR price if we have access to it and everything goes per plan could alleviate the pain. Just IMHO and DYOR
DCN Price at posting:
$1.40 Sentiment: Hold Disclosure: Held
