Takeoff, page-13

Alright some simple maths, assuming we do get dividends as according to David.

40,000oz a year less the 9,257 (32,400 over 42 months to the fund) meaning we get 30,743 ounces gold production a year.

Assuming we sell at $1,100 - $500 (a higher assumption for  expenses, etc... including the 5% royalty), this gives us $600.

$600 x 30,743 = 18,445,800 cash.

Now based on an average payout ratio from - http://www.investopedia.com/article...-dividendpaying-gold-stocks-2016-rgld-fnv.asp , including an average dividend ratio of 2+%.

Lets use 60% (some are up to 90% or higher but lets be grounded), this gives us a payout of $11,067,480 x 60% / 0.72 (AUD/USD  exchange rate) = AU$15,371,500

AU$15,371,500 / 338,478,268 (shares os as per last qtr) = 0.045 per share.

now to get a 3% dividend yield this would mean we have a share price of $1.5!
but lets not "takeoff" too fast and instead use a 10% yield! this still gives us a share price of $0.45


Now if there is any positive surprises from the company, well price could well be way higher.
what do you guys think?
Anyone can confirm the current cost per ounce of gold?