"Can you name one gold company on the ASX that could withstand selling 70% of their output at the hedge price and using 20% of their revenue for debt payments without going broke?"
Sounds like a job for Capricorn.......
70% x 30k oz = 21k oz @ $2290 /oz hedge price = $48.09m
9k oz @ $3200 = $28.8m
Total sales revenue = $76.89m
30k oz x AISC = $1340 /oz = $40.2m
Plus debt hypothetical debt repayment 20% x $76.89m = $15.378m
Outgoings - $55.578m
Crude net profit = ~ $21m / per quarter
I remember the CAI DFS assumed an AISC of around $1350 /oz during construction
"Can you name one gold company on the ASX that could withstand...
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Last
13.5¢ |
Change
0.005(3.85%) |
Mkt cap ! $102.7M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 13.5¢ | 13.3¢ | $54.23K | 403.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 384674 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.5¢ | 257453 | 2 |
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| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
13.3¢ |
Change
0.005 ( 1.85 %) |
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| Open | High | Low | Volume | ||
| 13.5¢ | 13.5¢ | 13.3¢ | 393835 | ||
| Last updated 14.56pm 02/05/2024 ? | |||||
| CAI (ASX) Chart |