Very interesting recent article based on a gold price of AUD$2,000
https://thewest.com.au/business/public-companies/gold-prices-shine-on-geopacifics-woodlark-project-c-365728
QUOTE FROM ARTICLE At the current gold price of AUD$2,000 per ounce, the 13-year mining operation would churn out a pre-tax net cash flow of $754m, a net profit value of $474m and internal rate of return of 49%. At the elevated gold prices, payback shortens considerably and is estimated to be only 1.4 years.
With gold now at AUD2,180 - I estimate payback must be just over 1 year, Total Net Cash Flow (Pre-Tax) will approximate 900 million and NPV (pre-tax) will be just under 600 million!
Presently this is magnificent timing to be securing financing and I am way more upbeat on the share price potential after crunching these numbers.
And remember the potential for exploration identifying significantly greater reserves.
GLTA holders.
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