If you read the latest Morgans Analyst Report you will note cash generation of circa $70m from now until the end of FY21. That cash generation is based on a gold price of approximately AUD$1,800.
With the gold pricing looking like it will not be retesting $1,800 or below the free cash generated could easily be double what the analysts are projecting based on conservative lower gold prices. Once the next couple of Quarterly reports show very strong cash generation by the miners I anticipate that the sector will see some very good share price movements.
Ann: Life of Mine and Tampia updates with conference call info, page-187
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$2.27 |
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