The right place … at the right time, page-6

Dear Smoulder

the simple answer for me is that we still need to take into consideration reserves/resources (which we know will grow exponentially over the next few years, but they aren’t on the JORC inventory currently)

With the current positive/growth outlook and current reserve/resource position, I’m thinking 3x to 4x cashflow …. But that would change with material increase in mine life.

$1 to $1.5 billion market capitalisation on my radar with plant operating at 1.4 mtpa, grade 4.5g/t + 6 years plus mine life

others will no doubt have a different view.

with a potential annual cashflow of over $200 million plus on the horizon, please don’t underestimate how much additional exploration can be undertaken and then the potential of another purpose built production hub.