More maths17 Feb 2014 17:02
Hmmm, time to re-calc at $1300 /troy again. By my reckoning, prod costs are now down to just below $1000, with likely annual at 125K oz (I know that they are talking about increased production / reduced LOM, but I don't buy that to be honest as we need to invest too much in new kit to achieve it). That gives around $40M from Inata this year, and it is still looking like we can bring plan b into life until we're told otherwise, which is looking at 55K oz at low cost, yielding another $28M. The two of those add up to about $0.30 per share of profit this year. There will be hidden costs that have not yet been declared - don't know how much the new kit will cost, nor how much the re-financing of Elliot and additional required capex will cost, but to me that adds up to a very healthy climb! Come on David, let us know the full picture, then I can retire - otherwise I'll buy a few K more and you'll have to tell me :)