With 150 million in the bank, no debt, producing 250-300koz a year and a enterprise value of less than 600 million seems cheap for a ausie gold miner. Obviously the institutions who hold 87% of the company think so. Gold also looks to be heading up on record low interest rates and massive amounts of debt around the world. I wander what price this will be when gold blows through $2100USD.
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With 150 million in the bank, no debt, producing 250-300koz a...
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