So anyone willing to put some numbers together? Back of a napkin try this...... 30 000 oz @ $2750US per quarter 30000 x 2750 = 82 500 000 per 1/4 Going by the last announcement we can add ~ 8 000 000 per mth extra revenue due to no debt 8000000 x 12 = 96 000 000 p/a
So if we assume top end of production guidance & a currently very conservative POG of $2750 to continue(I believe it will rise further) we could be looking at 82 500 000 x 4 = 330 000 000 plus, the savings from no debt 8 000 000 x 12 = 96 000 000 the next 12 months could raise $ 426 000 000 in earnings. More than covers two new mines/process plants.
Anyone else think a bumper special dividend is on the cards, when dividends start to roll in?
Just my thoughts
GLTAH
EMR Price at posting:
$3.86 Sentiment: Hold Disclosure: Held
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