Exceptional PFS!!!
Those numbers are estimating annual prodn of 121,000 ounces of gold and silver equivalent @ $1650/oz gold and Cash Cost of $660/oz!
Current Gold Price is $1800/oz and will break $2000/oz!
These gold mines are amazing due to their tiny capex compared to other minerals!
Only $228mill Capex with expectations this will fall to $170-180Million via leasing equipment rather than buying!
$2Billion Revenue $800 Mill Cost over 8 years equates to an annual profit of $150million!
$2Billion / 8 = $250Million Revenue
$800Million / 8 = $100 Million prodn Cost
Annual Profit $150Million!
Capex Circa $180Million!
And this 121,000 ounce prodn is with the current "tiny" 2.1million ounce JORC! 7.1% of the 2.1Million JORC Resource!
Since we are sitting next to a 28Million OUnce Monster Porgera, you would expect the JORC to lift to 5Million ounces x 7.1% as an annual prodn 300,000-350,000 ounces!
Even at $150Million Annual Profit with the 2.1Million Oz JORC. You would expect IDC to issue 100-200Million shares which would like the shares outstanding to around 850Million shares. The rest of the Capex would be raised via a debt facility as other gold explorers CRC have recently done with tiny 433k JORC!
This will preserve capital and ensure a strong EPS!
$150Million Profit / $850Million shares = $0.17 with Current Resource
P/E Ratios sit at 8-10 times EPS.....you do the numbers!
pfs calcs $150million profit/yr amazing eps!
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