The current valuation at current gold prices does not seem to include a value for McPhillamys. EPS and EPS/share-price ratio look good even without that new mine. McPhillamys would be a total plus. On the other hand, given the past share price development, bad news on the subject might still have a negative impact. But not near as great as one would think.
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The current valuation at current gold prices does not seem to...
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