Member Info for Goldbu11

Nice update - held these many years ago and looks like a huge opportunity following updates over the last year or so

If you use "look through earnings" - a term popularised by Buffett, in FY30 at current gold prices this metric could be around 1x market cap. If the reserves are large and sustainable, a dividend policy or around 50% of earnings is not unheard of. Which will be significantly higher than 15p - I'd view this level of dividend as conservative (Assuming current gold prices - any higher is a bonus). If they continue to explore and find great projects, then the divi will be lower, as the capital will be better spent on growth.

Probably needs to move to main market to capture ETF flows then maybe there would be enough volume for buybacks. Pros and cons of doing so I guess, but if there was more volume it would make sense to be buying back shares.

Luckily got this more on filtered from another company board. When they showed up telling everyone to sell the company went up by over 50%, so I take it as a good omen.

Been monitoring this for a while, decided to take a small position. Market potential looks very big over the next few years, not certain of chances of execution but guess the price reflects this.

Voted no 100k

Prospects look good, a couple of quarters of increased output should be reflected in the price over time.