Agreed.
Its another indicator that we are going mining.
$25M MC is ridiculous, especially considering we will be developing the mine next year.
The fact that its going to be a quick start up to production, means we are well placed for a solid re-rate.
Long term however I think this is going to be a juicy dividend play as the OZ market does not like South Africa. $4.66 per OZ valuation
We are only $41.6 per OZ for 600K OZ of Cheap open pit.
Just the open pit will give us between 500 and 800 Million profit over 8 years.
Am I missing something?
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3 | 66500 | 0.135 |
3 | 16850 | 0.130 |
1 | 42013 | 0.125 |
Price($) | Vol. | No. |
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0.160 | 29347 | 2 |
0.165 | 42488 | 2 |
0.170 | 44000 | 2 |
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