Great Groovey,
USD 24,781,348 outstanding pre this months obligation, dropping to USD 23,881,348 over 8qtr means $4m/qtr.
11,500 oz/qtr which means USD 343/every oz mined goes to the loan.
Note 2016 AR provided revenue/oz mined equiv. $1203/oz av. price.
On this basis given PGI make no more spending stupid-ass decisions, USD 21.6m in each year 2017, 2018 and half in 2019.
Damned if I can work out how PGI get AUD 53c/share as NPV. Mind you, I spent zero time on it too.
.
Gold Up, page-5
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