Let me do a quick end of envlope dividend calc (in USD):
Expected Gold sale price = $1,850 (same as sprott) ASIC = $1,124 Avg Annual production = 160,000 oz Mali government's stake = 20% Mali's corp. tax rate = 18% (after all tax loss credits being used up) SOI = 783,088,999; (but I will allow more options/performance rights to come through) say 800,000,000 Payout ratio = 50% (purely guess, as we will need some funds to particpate new resource buying / other relevant infrausuture upgrade etc)
This works out to be:
(1850-1124)*160000*0.8*0.82/800000000*0.5 = 4.8c per share
And time to bring USD back to AUD for us, for a 0.77 exchange rate:
= 6.2c per share in AUD
6.2/38 = 16.3% dividend yield on average from just the gold side of the company (no consideration to gold price upside / grade improvement / lithium demerger)
FFX Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held