The WPG valuation is just getting silly now.
So 2 year mine life (let's not account for mine life extensions) for an additional 40,000 ounces. 20,000 ounces yearly. Let's just value Tarcoola off that.
Capital expenditure - 4 million.
AISC - 916 aud an ounce
Okay jeez let's use 1000 aud an ounce for AISC.
Margin..let's use 1700 gold price..so margin is 700 aud
Let's be conservative.
40000 X 700 aud = 28 million cashflow
Minus the 4 million expenditure
Tarcoola is worth 24 million using conservative AISC and gold prices with capital expenditure included. Just ridiculous that the stock has fallen under an enterprise value of 50 million.
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- Ann: Tarcoola updated Feasibility Study and Ore Reserve Estimate-WPG.AX
Ann: Tarcoola updated Feasibility Study and Ore Reserve Estimate-WPG.AX, page-4
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