back of the envelope musings, page-3

persistentone, I noticed a few posters having a go at you for asking questions. I say 'well done' to you for asking and working through your questions. Sometimes after I do my fundamental research I end up not knowing which way is up and as such constantly rely of some of the generous and intelligent minds on HC. GBG is a huge deposit and a well run company. Thanks for sharing your results.

I tried to do similar calculations a while ago and came up with the figures that both OPEX and CAPEX were safely covered as long as the IO price stayed above $45 (I think I used a cost of borrowings at around 8%).