What hope for shareholder returns?
If the all-in cost of production is A$1,458 and the gold is sold at a price of A$1,612, that's a profit of $154 per ounce.
The forecast production is 60,000 ounces over an 8-year mine life. That suggests a net profit of $9.2 million per year, for 8 years.
Dividing the $9 million net profit by the 762 million shares on issue suggests a theoretical dividend of 1.2 cents per share is possible (if they don't re-invest any of the profits).
At some point, shareholders nee to see a dividend, otherwise what's the point of giving them our money? 8 years does not seem to be a long mine life.
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