Not totally sure about that theory as we do not know their...

Not totally sure about that theory as we do not know their strategy of stockpile vs feed at the current strong gold price. Just reverting to the recent Chairman's Statement which states that at $1900 gold price on 170k ozs. annual production the Abujar mine will produce post tax fcf of A$171 million and a NPV5 of A$1.35 billion. I maintain that FH and MW are taking a conservative approach and I believe that the mine might well achieve 170k ozs from 1/4/2024 to 31/3/2025 and a dividend of 6cps would be possible in July 2025. This translates to a valuation of A$1.50 on a 4% yield. This would leave a massive $ pot for plant tweaking and a very serious exploration budget. It is also worth noting that The Shanghai Gold Exchange (SGE) is currently trading gold at a $40 premium due to uncertainties related to import quota allocations.