Originally posted by Jazzasax
Doing some numbers for this SS it seems incredibly positive! CUrrent gold price of, all numbers in USD, $1200/oz less our AISC of $569/oz for 67kozpa gives us around $42m gross profit! Now if compared to say a Milenium Mines (ASX MOY) they are producing up to 80kozpa at an AISC of $923 and their MC is AUD$190m, they're also inspiring to produce +100kozpa in the near future. Obviously they're well ahead of us but gives an idea of where we could be by the beginning of 2020 all going well!!
Topped up a bit today...
thanks for doing thos figures.... we must not forget there is a massive difference between a high cost stock at $923 AISC and a very low cost producer at sub $600
when the price of gold moves those companies lose value quickly... but the low cost producers have a much lower beta and keep pumping in the $$$ e.g EVN
our value next year could be very very nice indeed especially with a massive amount of pipeline projects we can selectively put on to get the most amount of oz's for the tonnage thruput
we have over 50 years of mine life at 100koz a year
good to see some nibbles into 1.0 too - im sure some people that bought at 0.8 are tempted for a 25% return already so the odd person might sell some
But i suspect we have seen the low of the lows of this stock and as ive said before in previous threads a re-rate imo around 100 mil MC once we have reserves and finance and start the refurb is on the cards
once into production i cant see much less than 200 mil Market Cap with so much free cashflow we could easily start ramping up the koz with further upgrades on the CIL plant
