Went looking for that quote so checked out the 2023 investor presentation to the AGM (available on their website). Well worth a watch for those who haven't. Certainly gives the impression that 550,000 oz/yr is just the start, multiple opportunities for growth.
Other bit I really liked was at around the 6:20 mark where he starts to talk about some of the larger investors who have come on board. He mentions that the expectation for when hemi comes into production and starts to be valued on an EBITDA basis, is for a re-rate of 3-4 times (nice). Also worth noting that the price of gold was just over AUD$3000/oz at that stage, it is now around AUD$3500.
Went looking for that quote so checked out the 2023 investor...
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Last
$1.22 |
Change
-0.025(2.02%) |
Mkt cap ! $2.911B | |||
| Open | High | Low | Value | Volume |
| $1.23 | $1.24 | $1.21 | $4.502M | 3.703M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32320 | $1.21 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.22 | 19426 | 4 |
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| Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
| DEG (ASX) Chart |