ill do a bit of a table to demonstrate my calcs when i have more time, but the thing that brought me here was purely the potential for short term cash flow from production from the Pinacles Jv. Everything else is cream imo. The calcs i came up with were close to a thousand an ounce at 2500, generating approx 74 million over the first 2 years from Pinacles.
When you start playing with the gold price its hard to not get extremely bullish. Every 100 dollars aud an ounce increase equals approx 7.4m extra. 3000 aud doesnt seem so radical anymore with a huge stimulus on the horizon, thats an extra 37m over 2 years, aka, our market cap
I closely follow a macro economist on twitter names David Hunter from contrarian investors, he has been pretty spot on with his calls so far including oil pricre, bond equities, interest rates etc. He is calling for a stimulus fueled rally for gold to 3500aud by years end, which conveniently is when our Pinacles feasibility study is due. Will be extremely interesting and well timed scenario.
Not to mention the other pots on the stove including:
- 1000s of metres of drilling results to come
- gib activity and the access to their historic ore
- potential for a takeover from saracen
- deep diamond drill on Templar coming soon imo
rerate has not begun yet. welcome aboard buyer/s from this week.
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