COMEX April gold contract approaching US$1920 oz. Current BC8 Presentation for East Kal puts free cash flow for 5.5 year LOM at $105.9M (at $2,500 oz) BUT current Aussie gold price more than doubles this free cash flow to around $225M or $40.9M per year. That is around 16 cents per share!! for one project. What value (annualized free cash flow) do all three add up to?
The current presentation states that each $100 per ounce rise in the gold price, we add $34,000,000 (per year) to revenue. Gold is $357 oz above forecast $2,500 oz. So we have doubled the forecast cash flow already. Imagine what happens to the project economics as IMHO gold continues to rise.
AND projected cash flows from the other near-term projects. Good luck to all longs.
COMEX April gold contract approaching US$1920 oz. Current BC8...
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35.5¢ |
Change
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Mkt cap ! $157.3M | |||
| Open | High | Low | Value | Volume |
| 35.0¢ | 36.0¢ | 34.5¢ | $534.5K | 1.505M |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 8308 | 35.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.0¢ | 79949 | 2 |
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