The LOM AISC margin from the Scoping Study was around $AUD850 per ounce. With increased scale somewhat mitigating cost inflation per ounce produced and the POG increase the PFS margin should comfortably be above $AUD1,500 per ounce. The PFS NPV will be between $600m and $800m and that will be using a base case POG assumption below the current spot price.
Gold producers are making huge cash flow. The hype around the latest quarterly free cash of RMS was massive.
RXL Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held
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