I think it will because there is a risk premium removed for commissioning and meeting nameplate capacity (perhaps exceeding it)! (Note that's quite a bit more than what has been announced today.) Plus the actual AISC (All In Sustainable Cost/oz) will become properly established. When that happens, it can be compared with other producers and a higher Price to cash flow or Price to earnings (P/E) established.
Note too they are working hard on seeing how far out the pit walls can go profitably and how the strip ratio can be balanced with underground ore delivery. The overall situation looked like they had to still come up with ore reserves for the out years 9 & 10. Their exploration is being quite effective.
At least that's why I haven't taken the money and run. That and I'm now rating management (highly). I think I've said before, I find that harder to find than actual gold resources. There's a very old share market saying "cut your losses and let your profits run."
Admittedly, I'm buoyed by today's announcement. My day off from being a hard-nosed grumpy, miner/ survivor.
All IMVHO.
MEK Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
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