Thank you for your detailed post which was more or less covered when I estimated PGI's P/E using a 12-month period of production and costs. I was even conservative to use 85% of designed output for that exercise. Even then the P/E looked very good.
As I and others mentioned, the important thing is to ramp up the production as close to the designed capacity. Due to its low cost, PGI should do very well.
What I have been trying to do here under this thread "break-even point" is to determine the break-even point. It only needs to produce 8900 oz of gold to recover the estimated total costs of US$11.7m per quarter based on the hedged price. If we use the current gold price of US$1650, the breakeven volume would be reduced to 7000 oz, excluding silver. PGI should be able to meet that in the Jan/Mar Quarter, hopefully.
- Forums
- ASX - By Stock
- break-even point
Thank you for your detailed post which was more or less covered...
Featured News
Add AAU (ASX) to my watchlist
|
|||||
Last
0.5¢ |
Change
-0.001(10.0%) |
Mkt cap ! $6.576M |
Open | High | Low | Value | Volume |
0.5¢ | 0.5¢ | 0.5¢ | $4.25K | 900.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
25 | 15029227 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 5049785 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 14391727 | 0.004 |
41 | 39318868 | 0.003 |
29 | 45903536 | 0.002 |
9 | 21699950 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 5049785 | 6 |
0.006 | 4619222 | 7 |
0.007 | 5784260 | 5 |
0.008 | 7035000 | 6 |
0.009 | 3075828 | 5 |
Last trade - 11.51am 02/09/2024 (20 minute delay) ? |
Featured News
AAU (ASX) Chart |