I wouldn't discount the effect being the larger scale operation...

I wouldn't discount the effect being the larger scale operation and lower cost producer has on RRL's ability to rapidly build cash when compared to WGX.

WGX is selling 38,000 more hedges in FY23 however they will have a clean slate going into FY24 whilst Regis has another 100k ounces at $1,571.


Using Mid guidance
Regis cashflow sensitivity $100 spot moves = approx 37 million.



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Using mid guidance.
Westgold cashflow sensitivity $100 spot moves = approx 11 million.




Note: not to be taken as financial advice. All numbers calculated are estimates and don't include all costs therefor they should not be relied upon.
Spreadsheets for comparative analysis only.
DYOR