Under valued, page-6

Managed to get hold of 37k so far even after reconciling another reason for the scepticism of some: AISC guidance is 1.230-1.300 whereas AISC was 1.356 for the first 6 months (7-12/2020) and 1.388 in Q3. Also production guidance (w/o Tropicana) was 355-380k oz and they only got to 258.725oz at the end of Q3. As per report they had some production troubles at Moolart Well as well as at the Rosemont site.
I did figure all that in for an own FY-20/201-forecast and still come up with an EPS-projection of 27 cents after accounting for growth capital. 70m of growth capital account for another 10 cents/share. And of course Tropicana does not contribute yet (but only produced costs) but will contribute more than 15 cents/share in the next FY (provided that gold price remains where it is right now).
So with interest rates at their lows, inflation starting to perk up and everything else going on in the financial world we get a share below AUD 2,70 with an IRR plenty above 10% (almost 20% if Tropicana and growth capital were fully valued in) and without even having to consider McPhillamys.
It is almost stupifying. Hell, maybe we got it all wrong. But I doubt it and so I will continue to buy.