righto, so last quarter we produced 18,185 ounces, with sales at an average $3,054 AUD/oz , we operated at a $4.258m loss (1.9 on p13 of last quarterly) - total cost of $59m. If we can increase production for the quarter closer to the 25,000 ounce target (say 22,000 ounces) and keep costs in line, our production costs would be about $2,650 per ounce. This includes corporate costs, staff & interest. Bang on 50% above the guided 2025 AISC from the investor presentation (inline with industry standard as AISC leaves out a few things).
We should of achieved an average gold price in the vicinity of $2075 usd ($3200 aud).
Therefore I'm thinking we can hopefully generate a free cash flow of approx $12m being $550/oz
Even production of 21,000oz should generate approx $9m in free cash flow.
It would be great if we could have a quarter equivalent to West Gold at only 1/4 of the market cap
If we can consistently deliver free cash in the vicinity of $10m pa we should have a market cap of at least $500m, plus room to improve on production, further appreciation in the gold price, paying down of debt/ hence further increasing free cash (reduced interest cost), reduction in fed rate = a reduction in npv discount rate hence higher npv, hence higher market cap.
Free cash to support further drill & resource definition. Improvements to mill to increase production to 200koz pa.
How bout taking a page from RF's book, I want to see the heading of ASPIRE 200 in our next announcement
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Last
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Mkt cap ! $561.3M |
Open | High | Low | Value | Volume |
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6 | 862526 | 8.8¢ |
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9.0¢ | 65000 | 1 |
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3 | 205886 | 0.087 |
4 | 25035 | 0.086 |
3 | 155152 | 0.085 |
1 | 260000 | 0.084 |
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0.093 | 337862 | 4 |
0.094 | 2313637 | 8 |
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