I'd like to see gor use 10- 20% of profit to explore and 10-20% to save for expansion etc if there is a good discovery, and pay the rest as a dividend. Gold miners are a constant dissapointment with the way they waste money. The whole point of an asset is to pay the owner, not to expand at any cost.
i would be more than happy if the company didn't even bother exploring and just paid all earnings as a dividend... or even better in physical gold.
Bell Potter valuation $1.40, COVID affected, page-37
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