Down 19.4% in 8 days.
$1.6B market cap.
$300m in the bank.
That $300m
DOES NOT include the extra $40m from the lower sale price of Tropicana.
FY 22 forecast ~500,000 oz gold production per year with AISC of A$1300 per oz, and a gold price of A$2450 whicih means a profit of A$1150 per oz is only worth an EV of $1.3B.
Correct me if I am wrong, but $1,150 * 500,000 = $575,000,000 profit (or there abouts) next year.
AND we have McPs, a 200,000 oz pa project with a DFS due any day now, that is in the final phase of approvals with the government.
This is beyond crazy.
(20min delay)