That was when gold was at ~ 2700 oz , what is it now? One of the reasons they will not make a huge profit this year is the money spent cap ex for Syama and also decent amount to spent on exploration and ensuring Mako has a pathway forward post 2027. Still if they make 130-150 million after that it’s a solid year.
You might also want to factor in a pile of cash from Ravenswood sale and promissory note.
Add those main factors and get back to me with your p/e and valuation.
RSG Price at posting:
35.3¢ Sentiment: Buy Disclosure: Held
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