Gold Road have forecast 25% of revenue (EXCLUSIVE of exploration, tax and all other costs) will be available for reinvestment, expansion, dividends etc.
Think circa revenue of $300M equals approx $75M divided by 880M shares = 8.5c/share. That's a return of around 6%pa at $1.45/sh. fully franked.
There'll be plenty of takers for that kind of return in today's world.
Gold Road are explorers. That is how they got to where they are today....PLEASE keep exploring.
Bell Potter valuation $1.40, COVID affected, page-39
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Last
$1.63 |
Change
-0.020(1.22%) |
Mkt cap ! $1.760B | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.66 | $1.62 | $12.42M | 7.622M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 110239 | $1.63 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.64 | 83296 | 5 |
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| GOR (ASX) Chart |