With AISC costs at around 370-400 a 900-1000 price spits out a lot of cash flow. A ridiculous amount to be precise . It’s generating 3 times the margin it did 12 -18 months ago and ofcourse this drives real cash flow. Also means cash flow will naturally be a lot higher over this year. For most of the last 6 months I was banking a 1.5c partially franked dividend but I now think it could be 2c partially franked and this quarter will most likely generate 30-35 m if if they sell 10k of inventory . That would mean a 12% yield grossed up on current prices at 16% -17% for my average entry
IMA Price at posting:
21.0¢ Sentiment: Buy Disclosure: Held
