Just doing some quick back of envelope calcs to see where we...

Just doing some quick back of envelope calcs to see where we might stop here as was thinking it may be getting close to exit time ..... from 2024 (rounded); NPAT $248m from 206000 ounces, so circa $A1200 per ounce profit after tax ..gold price is now over $A1000 higher than what we were selling for in 2024, I know very hard to extrapolate AISC over to next year as new mine AISC more than likely will be very different but if gold stays at this level then I think realistically we could be looking at anywhere between $A1600 to $A2000 NPAT per ounce on average, production will soon be pushing up closer to 500,000 ounces, we should be getting between $800m to $A1 Billion per annum in profits. Resources 12.5m ounces (reserves 6.2m ounces) so should be able to produce this amount for say 15 plus years (25 if all resource is converted) .... longer with more exploration! If this was in oz we'd probably be looking at a market cap allowing for a PE of somewhere between 8 or 10 (6.4 billion low case to 10 billion high case). Allowing for a considerable country risk discount I think a realistic market cap once full production is achieved would be at least $A5 billion..... think I'll hold a tad longer GLAH