Hard to pick, but your calculations are a good starting point.
I would be surprised if it is that high, but thats just personal opinion. Im guessing more in line with 10-12 cents per share, but yes likely to go higher in FY 14 and 15. Obviously gold price from now until end of 2013 and beyond will affect their cash position and dividends paid and with more drilling = possible bigger Capex spend depending on what results are....
Could be a case for another stand alone operations which will require more money.
But based on Managements recent outstanding performance and ability to deliver...have no doubt we will see dividends unless a better option for investors is present.
Either way ill be happy.....just hope POG holds and moves further north
Onya TK
RRL Price at posting:
$5.41 Sentiment: ST Buy Disclosure: Held
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