Legendary,
Yep - totally understand BUT the bottom line is that the cash will deplete over the next couple of years.
They have announced $50m in waste stripping this year PLUS there is opex and sustainable capex. They have openly admitted that the real value will come in later years at Koonan Island when the pre-strip is done and they move to probably a 50/t opex cost. So - fundamentally perhaps but cash in bank will decrease and who knows what in 3 years?
just a word of caution
the fundamentals, page-4
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