some calculations

This half cash flow estimates on RSG projections
160x ( 1180-1700) = 83.2 m AUD
Next year if we assume 390k production ( pre Syama prod upgrade ) at 1200 AUD ( Likely to be lower ) that is 195 m cash flow for a market cap of 845 and an EV of 700. Now 2018 calendar year will see gold circuit draw down ( let’s assume 30k ) and let’s alao assume RSG enters jan 2019 with 80 m cash and bullion( I think it will be 100-110 ) . Then we could see cash build up to over 300 m AUD be end of 2019 ( have allowed 40 m for other expenses )

One question that I have for the more geologically advanced - what is the approximate cost of the carbon roaster gold circuit extraction per ounce poured. If we drew 30k oz ( 51 m AUD) what will the Margin be 40m ? 35m ? I imagine it would be low as gold ore already mined and crushed but can’t find any discussion on how high the margin will be