So sitting on $190mill cash and $50mill in investments
In FY25 they expect to spend $50mill on capex and exploration also another $14mill in corporate costs. Mining operations aren’t expected to exceed $10mill in profit (could end up losing $10mill)
Then looking to spend an additional $380mill over the next 4 years to fund a project that won’t starting producing gold for 4 more years (200k oz per year for 10 years at a cost of $1550/oz)
So we really need to see POG far exceeding AUD of $4000/oz, to be able to achieve that without taking in debt/massive share dilution.
not to hard to see why we are trading well under cash plus investment value. Risky risky business!!
if this works out the upside can be huge!!
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- Ann: Quarterly Report Q4 FY24
So sitting on $190mill cash and $50mill in investments In FY25...
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