I have re-calculated my previous post to reflect the recent 3B release detailing the number of securities.
Assuming all the options, incentive rights and development shares are in play (conservative), then we are look at 820 million shares on issue. Quite dilute for a company this size, but I guess it was a necessary action to get the capital to be where we are today.
Same as per the previous scenarios:
1) With the current high startup AISC (lets use $1600/oz), $1620 GP and 70koza production, then the SP target would be going down (sub 4c).
2) A reduced AISC due to Tarcoola operations of $1300/oz and the same factors above, the SP target would be going up, est target between 0.11-0.14 c.
Now the change in the GP and currency with an AU GP of ~$1805, which with the above $1300 AISC, would put the SP target at 0.22 cents.
All IMO and based of metrics comparable to other goldies.
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- Ann: WPG Half Year Report Dec 2016
Ann: WPG Half Year Report Dec 2016, page-118
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