The markets a joke.
Brokers are still using $2650 gold price forward assumptions in their models.
GOR EV sitting at less than 1.4b when including DEG shares.
Current margin is sitting at about $1,750 per ounce sold at today's gold price.
Lower end of guidance 150,000 oz * $1,750 = 260m cash build per year.
Gold Fields 1.5% NSR payable to GOR kicks in at Gruyere next year.
They fund the acquisition with debt, equity and cash.
Add whatever cashflow 40% of a 400koz producing mine would generate and their debt could be paid off within 2 years.
Ann: Response to Media Speculation, page-18
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Last
$1.63 |
Change
-0.038(2.25%) |
Mkt cap ! $1.782B | |||
| Open | High | Low | Value | Volume |
| $1.67 | $1.68 | $1.63 | $9.004M | 5.443M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 39 | 92030 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 142960 | 86 |
View Market Depth
| Last trade - 15.52pm 21/05/2024 (20 minute delay) ? |
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Last
$1.63 |
Change
-0.038 ( 2.56 %) |
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| Open | High | Low | Volume | ||
| $1.67 | $1.68 | $1.63 | 1368548 | ||
| Last updated 15.59pm 21/05/2024 ? | |||||
| GOR (ASX) Chart |