Amazing Flag on the Weekly - Do they have Phillipines?, page-2

The market has an obsession with Didipio in my opinion. They don’t need any Didipio resolution to cause this move IMO.

In February they defined 9mt @ 4.6g/t for 1.4Moz at Martha UG and 2.9mt @ 12.6g/t for 1.2Moz at WKP (both at Waihi). These are phenomenal numbers and they’ll start to get into this ore (@ Martha) early next year. The Waihi study should show some huge numbers and is due imminently.

At Haile they’ve effectively done the capital investment and development works, this will be printing in H2. And Macrae will be printing at current gold prices.

You can see below it’s trading at 5.4x cash flow when peers are >7x. Obsess all you like on Didipio, this is but a free call option in my books.