Exactly and if the sp doesn't appreciate that much the dividends with gold price increases over the next 5-10 years are super enticing. Just look at FMG with iron ore, they 4x and started paying out 10% franked. That's how you make great money via optionality over a long period. You look for a company that is going to be overflowing with free cash in 4 years and that pays dividends. Its not inconceivable to have them at 480k annual production with a 3.5k gold price in 3 to 4 years.
Imagine seeing this at like $8 paying out 6-10%, which is totally doable.
Exactly and if the sp doesn't appreciate that much the dividends...
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Last
26.5¢ |
Change
0.010(3.92%) |
Mkt cap ! $208.5M | |||
| Open | High | Low | Value | Volume |
| 26.5¢ | 27.0¢ | 26.5¢ | $241.7K | 911.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 479372 | 26.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 26.5¢ | 159195 | 12 |
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| Last trade - 10.22am 02/05/2024 (20 minute delay) ? |
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Last
26.5¢ |
Change
0.010 ( 2.91 %) |
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| Open | High | Low | Volume | ||
| 26.5¢ | 26.5¢ | 26.0¢ | 541637 | ||
| Last updated 10.51am 02/05/2024 ? | |||||
| SBM (ASX) Chart |