Lowish capex should be doable and then something like $20M cashflow helps develop the rest of the site. Good to see theyre going to start de-watering now too.
Also, iIf its only 8% of the resource, then perhaps total NPV cashflow prorated up is ~$250M, capex approx $437M.
All quite doable really! A huge amount to go, but a future of $250M pa free cash flow would be a $2.5B business. Even with huge dilution, upside is well over 15x. Just need management to keep consistent, raise at good prices and keep stepping towards development. Getting some cashflow from Armstrong, as long as its not too big a distraction from the overall goal, would be welcome.
WIN Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)