Current EV of ~140M for a gold producer that has the whole East Pilbara tied up, with 1 x mill at WGP running smoothly and above nameplate, plus another mil in good nic expected to start up in 6mths. Massive amount of options to restart previously mined areas so LOM does not look to be an issue at all anymore IMHO (eg even Golden Eagle main Null OP next to mill has a cutback 25% completed be previous owners that once fully complete gives immediate access to 100K oz) and also exploration targets (Side point - I really like Felix and I wish they would contniue to drill and push this along a bit in the background, say 500K-1M p.a spend).
All for 140M EV when just the cost of building 1 mill would be that amount.
If you belive we are now profitable overall as a company (which I do), whether you do your analysis on 20M p.yr or 50M for 2025FY doesnt really matter IMO, this is such a value proposition at this SP. ..... but yes as Dazed said, it is a tough gig being a CAI holder
Current EV of ~140M for a gold producer that has the whole East...
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