RE: Rise21 Jul 2021 19:35
Once you ignore the Tonnage/Grade shortfalls and focus on what is and what will be (once they do hit their own marks 100K Ounces/year) then things don't look at all bad. Gold extraction even now, based on current prices, is close to £70M/year & for a company valued at less than £300Mil quite a good starting point. Newmont produced in 2020 5,824,000 Ounces & have a market cap of $48.54Billion. Basically they hit the mark and it should, with a like for like, value them over £600Mil on market cap (ignoring Pure Golds lower costs.) Correct me if I'm wrong, I do underestimate a bit.