Simberi processing facility restart anticipated in Q2 Dec FY22 (on commissioning of the new deep-sea tailings placement (DSTP) pipeline) consolidated gold production is forecast to be weighted marginally to H2 FY22.
PNG ASIC forcast 2575 - 2650 AUD/ OZ (2)
based on Gold price forecast
2 US$1,850 to US$1,990 per ounce at AUD/USD of 0.75 (unusual imo to use such a range, but current gold price well below bottom of that metric)
GOld price 2370 AUD
PNG - about to cost shareholder if it restarts with this gold price vs guidance and underlying assumptions
hence the price imo and of course what removing the PNG forecast means as related to total guidance
Still cannot see any justification for a dividend in these circumstances
remaining profitability from Gwalia and Atlantic will get diminished with PNG restarting in this price environment
GL
SBM Price at posting:
$1.65 Sentiment: None Disclosure: Not Held
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