And now the topline revenues based on producing at that annual rate of production is US$250-300mil(A$380-$457mil) at current prices. Market Cap is US$300mil(A$460mil) and you should be able to add US$30mil to the net income and cashflow figures stated above with the cashflow figure of US$110-145mil being the one as to how the market should value this operation - it currently values it at 2.05 to 2.75 times annual net cashflow - compared to other 'goldies' this is still very cheap on this metric.
Looking for the following three announcements this week:
1) First gold pour for Plant#1 - to confirm the plant is working as it should.
2) Financing solution to payout high interest loans especially Nebari - hopefully this will be a billion baht facility from Bangkok Bank.
3) Date and details of next week's webinar.
Ann: Green Light for Plant 1 at the Chatree Gold Mine, page-89
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Mkt cap ! $353.1M | |||
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