They are building cash at about $20 mil AU each quarter at the...

They are building cash at about $20 mil AU each quarter at the moment.
Even with a conservative 25% payout ratio that equates to about a 10 cent dividend for the full year.
If you factor in the likely 10% production improvement on guidance along with gold heading into a new upswing, it’s easy to forsee a higher dividend, or even a special dividend. Then we will surely see the PER and share price better reflect true value.