Undervalued1 Apr 2024 09:19
With a forecast aisc for 2024 of $1350 and production of 355,000 oz this has got to be cheapest gold miner around. There market cap is just over £400 m which is the same as pan African resources. There reserves at syama are 3m oz and adding yearly. They have several good prospects around mako inc 330,000 resource to extend that mine well into the future. They are debt free and at these gold prices are making $5m a week. Add to this the potential 150 m aud they will receive this year from the sale of ravenswood. This is a rare opportunity . I bought 125,000 of these beauties in small tranches last week and I intend to leave them a year