Cross referencing to REZ's toll campaign on its GVCB (130km north of Kalgoorlie) earlier this year, it seems like the total OPEX was ~A$1,750/oz for 126kt @ 2.37g/t Au. Obviously, there are many factors to the cost, but even if the OPEX shoots up to A$2,000/oz for BRB with toll milling, the Starter pit still have some A$138M in free cashflow @ A$2,500/oz... with our A$83M in cash, that's easily >A$200M, and we still have underground to go. I do not see why we are still under A$100M in MCap.
In any case, you are right, they should start doing something especially with that much cash now..
BRB Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held