Apologies, I made an error, the company should bank around $100m per quarter, not $200m I stated above.
@arnie22 if you refer to my post here:
https://hotcopper.com.au/threads/ann-quarterly-activities-report.6374018/page-77?post_id=57324073
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I am going to go out on a limb here and say I am expecting the following in the next quarter:
- Quarterly gold production of around 130,000oz
- AISC of around $1,250/oz
If we can get an average realised price of $2,150/oz, we should make around $115m, less all the other non AISC stuff, and I am hopeful we bank about $60m - $80m for a total of about $280m cash and bullion.
I will go further out on a limb and say I expect the next 2 quarters to just as good, if not slightly better.
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Price of gold at the moment = A$2550 - AISC of A$1250 = profit $1300/oz
Need to account for hedges which I think was about $300/oz as per the last quarterly, so $1300 - 300 = $1000/ oz profit
130k oz X $1000/z = $130m
How much is non AISC stuff? $30m per quarter? Hopefully significantly less than $10m/month or $2.5m/week.
There IS a cash cow in there somewhere.
(20min delay)