Ann: First Gold Pour at Coolgardie Gold Operations, page-53

@Indented Head...your disclosure says 'Not Held'...is this correct?

NPV and cashflow are two different beasts. NPV is used for evaluating profitability and relative attractiveness of potential investments in today's dollars...and it also accounts for the initial investment cost. You need to look at operational cashflow (OCF) to assess how the project performs year to year.

Cumulative operating cashflow (revenue - costs) for the project is forecast to exceed AU$406M based on the current AUD gold price being maintained over 7 years (see below table).



I think the Year 1 figures are based on 10 months operation only (including allowance for post-commissioning ramp-up) to end of the current financial year from the start of October. Interestingly, if the gold price stays around AU$3000/oz, then the Year 1 operating cashflow increases to approx. AU$12M...and it could be more if the TMH mill was ramped up and running at nameplate capacity at the start of October.

The below table shows the CGP's cumulative OCF increases by ~AU$40M for every AU$100 increase in the gold price. I look forward to receiving some healthy fully franked dividends in the coming years.



Looks like a pretty solid project to me...even more so at the current AUD gold spot price.

DYOR.