Ann: FY19 gold production and Atlantic Gold acquisition update, page-19

We closed yesterday around the bottom 50% of the current trading channel. I think there's a good chance we'll break through the top today (319) and setup a new range in the mid 320s.

I think it'll move steadily up leading into the qtrly report later in July. Everyone will be watching AISC (I'm preparing my own estimates now) and the completion of the AGB acquisition. More important than the actual deal closing is the performance of Touquoy in Q4. If it's performed as expected - or better - it'll add a good amount of sugar IMO.

So much upside from here. As @Exised pointed out, the valuations for NST and EVN are extreme so they'll need to come back to Earth or SBM will need to rise to the occasion. Given the POG in USD and AUD, I suspect SBM will start to command a more appropriate multiple.

The final div at 8c still yields 2.5% at these levels. Eqv full year is 3.8% which is a solid yield considering the uncertainty in the rest of the market.