Zero debt, working mine, funded to start digging. Assuming gold heads back towards $2000 USD/ounce, which I think it will, then we're pulling about $1000 USD/ounce profit. That's $1420 AUD/ounce profit.
Expecting 100koz in calendar year 2022 - $142,000,000 profit. Scaling to 200koz over 10 year life of mine... $300m profit per annum.
Anyone who thinks Morila, and the currently undrilled surrounding land, is worth $1bn is laughing. I think it's on its way to $2bn this time next year
Anyway, back to lithium, $2bn+ valuation for LLL before EOFY in my view
