BGL 1.23% $1.85 bellevue gold limited

POG in AUD is now $3,089.78 , down 1 cent in the last 24...

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    POG in AUD is now $3,089.78 , down 1 cent in the last 24 hours.

    BGL ....Cost guidance to be announced...

    UBS....had a guess of ~ $AUD 1400


    My back of the envelope calculations for the 2HFY24:

    Production ~ 80,000 oz
    ASIC ~ $AUD 1,400 /Oz
    Average price ~ $AUD 3,100

    Free cash flow ~ 80000 X 1700 = $AUD 136M

    Implies a P/E ratio of about 5.88
    WGX P/E of 12.35
    GOR P/E of 12.36


    Conclusion : BGL is cheap at these levels and would probably be a takeover target.

    GLTA




    Last edited by torrita: 14/02/24
 
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