Congrats foxhat for posting one of the more idiotic statements...

Congrats foxhat for posting one of the more idiotic statements in recent time.

'Why on earth would someone buy a share at a fully valued price of say 75c if there is no income via a dividend or upside in share value. Where is the upside?'

Umm, maybe someone would buy at 75c because that effective market cap evaluation of $620m is considered cheap given its earnings and future earnings potential.....its all a bit foggy as i think i covered that theory back in primary school.

At today's gold price of ($A) $1,750, we net $1,200 an ounce next FY (less the 26k remaining hedged). When you factor that at 100k production p/a...you can see that a 75c share price is not as outrageous as you suggest.