My back of the napkin calcs - base case val used the Au production guidance from November at a POG price of $1,750 USD, assumed FX rate of AU/USD of 0.70 and AISC of $1,193 and also incorporating the BOI incentive for tax $142m AUD I get total future cash flows of $823m with 10% discount rate brings it to about $477mil. $2.16 SP. Naturally extremely sensitive to POG and FX rates $2,000 USD and say a 0.68 FX AUD/USD FX rate gets just a touch over $3 SP.
That has no exploration upside priced, NE and or royalty concessions if there are any. But then you also need to then price in other risks sovereign, POG, debt etc. But struggling to not see anything but upside from here.
DYOR GLTAH.
My back of the napkin calcs - base case val used the Au...
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