The company's numbers are for surplus cash flow of $9mill. 4 year mine life = 36 mill (lower than that after some discounting). Remaining capex can be paid for with cash on hand presumably. On those numbers it is undervalued but nothing to do cartwheels over. Where the upside kicks in is if the project becomes a 20 year mine life, which is the objective. I bought punting on a significant mine life extension.
The copper/gold thing looks okay on current prices. It will make $ but in itself is nothing to get excited about relative any number of other copper projects around.
QOL
queensland ores limited
The company's numbers are for surplus cash flow of $9mill. 4...
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