FY23 guidance is for an all in cost of ~$2,130/oz though. That excludes interest and some other stuff. so let's calm that CAIC if closer to $2,200/oz.
With a gold price of $2,500/oz. That means cash margin of perhaps $300/oz x 1.62moz, or $485m for the year ($122m/qtr). Not paying tax for a little while so can ignore that for now but will come back.
Capex should drop off into future on a like for like basis with current expansion projects (perhaps a bit of an offset once paying tax again). The market looks like it is valuing FY23 cash flows and not beyond. Thus I think cheap, with short term term risk to go lower with gold price volatility. Feels fairly low risk entry at these prices though, at least if you're prepared to hold for 12 months or beyond.
DYOR
FY23 guidance is for an all in cost of ~$2,130/oz though. That...
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