Seems good to me. Your production numbers R a little lower I assume due to lag of prod and sales however once produced I would still include them in the cash And gold figure. Very siunilar to my calcs the only marginal diffs being prod levels, gold price assumptions and cash costs. All being marginally more conservative than mine.
At this stage of development and production ramp up few gold companies can actually grow cash. The fact the GDO has ramp up, exploration and one pre feas project and mother near pre fess project is a testiment to how strong they are
GDO Price at posting:
42.0¢ Sentiment: Buy Disclosure: Held
