You can keep peddling fear about a gold downturn or you can look at the numbers. Post #:47901613
1.815 million ounces at an AISC of $1,350 in FY22. It is a steady increase to 2.187 million ounces by FY28.
Do some maths, even if the POG retraces back to $1400 aud which I doubt... This will still make $90.75 mil profit for FY22, much more if I include the hedges into the calculation.
Do you know what your beloved Z1P will make in FY22? I'll give you a hint... It's in the negative.
SAR Price at posting:
$4.69 Sentiment: Buy Disclosure: Held