Arpeggio, I am not sure if you aware that although they have...

Arpeggio, I am not sure if you aware that although they have debt, they have 185m on hand to fund the development of Didipio.

It can also be noted that, like all gold producers delivering into US$ spot price, the june qtr should average gold sales price about $100 more than the march qtr.Therefore I am assuming their sales should increase by about $6.5m for the june qtr on this factor alone (65k x the extra $100). Point to take is that they are well leveraged to any rise in price of gold due to their relatively high production numbers compared to many other asx goldies (and vice versa).

By my crude calculations, the production numbers (265k) x margin on sales, relative to their market cap and debt/cash levels compares favourably to most other asx goldies.

However dyor.