Our Market cap is about $1.6B.
We should have about $350m in cash and bullion as per last quarterly.
We should make AT LEAST another $60m profit this quarter - even with the planned shut down at Duketon.
We raised money at $2.70 to buy 30% of Tropicana.
We are now trading at $2.06, which represents a 24% discount to this price.
This means if you wanted to buy us and split us up, you could pick up Tropicana for about $630m.
We have a projected 500,000 oz production target for this financial year.
We have 4,800,000 oz of gold in reserves, and 10,400,000 oz in resources.
This represents 15,200,000 oz of gold. With a margin of around $1000 per oz, that is $15,200,000,000 ($15 BILLION) in future profits if prices / ratios stay close to where they are.
I know I was called out on this before, but if we assume they don't do anything else in terms of exploration, expansion, etc, and we just mine out the existing reserves and resources, there is a ton of money.
We have McPs. Yes, it is going slow, but that is an extra 200,000 oz PA of production.
Seriously, at what point does someone go "here is $3.50 per share, just walk away"?
Not that I think $3.50 represents fair value, but it is a 75% premium on the share price today.
Expand
(20min delay)