Ann: Paulsens Refurbishment Progress - March 2024, page-52

With these sorts of fat margins, I reckon BC8 could debt fund Paulsens now if it wanted. Why not? They had all in costs of A$1900, and the gold price is near $3500. Do the numbers on that spitting out 50-60oz pa for the first 4 years. In other words, I personally think bc8 will get funded one way or the other with margins anywhere near these.
Gold will be volatile at times, and we may see some sort of pull backs on the journey. The trend is looking good. The potential additional $363m in free cash flow above the study numbers shows me the leverage high grade gold deposits like this really have. Management bought these projects when no body wanted them. It takes time for things to turn, but we will enjoy the spoils of that raid when they turn the mills on. Dyor.
The shorts will try and sell gold off near the close as they will get less buyer resistance. Good luck with that.