Yeah looks hugely undervalued at current with AUD gold at $2,700.
With the hedging changes we are now getting $2,000 an ounce for 30k and $2,700 for 45k (once in full production). Assuming AISC of $1,350 that means we should have free cash flow of $19.5m and $61m before deducting other expenses. Once Big Bell is rolling then profits are going to be very impressive.
Debt gone in 3 months. Around $100m in cash and other assets. With the majority of CAPEX done with Big Bell then dividends must be certain. Yet we drop 7% today when other gold shares up strongly?
There is the danger of the mine site closing or having issues if a worker test positive though.
Yeah looks hugely undervalued at current with AUD gold at...
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Last
$3.04 |
Change
0.160(5.56%) |
Mkt cap ! $2.867B | |||
| Open | High | Low | Value | Volume |
| $2.91 | $3.05 | $2.91 | $18.48M | 6.138M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 127756 | $3.03 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.04 | 6022 | 1 |
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| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| WGX (ASX) Chart |