Yep...they can pay 20c a share divvy ar current gold prices. The Thais take 20% royalty on the excess over around aus$2000 per ounce. But with a company tax holiday plus some of that royalty flowing to the local community that's OK by me. So another aus$500 an ounce, which seems likely given that the gold bull run is the result of central bank accumulation , means another $400 x 110,0000 pa or divvy could go to of 35c pa. At $5 per share that's a 7% yield.
the upside is baked in subject to the usual disclaimers of operational and sovereign risk.
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