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Great to see some momentum here! Get a CEO on board and another set of decent results then who know, maybe the highs of 4.5 could once again become a reailty!
DGR - following that logic investors would never get a dividend whilst a company also has debt. NCM for example pay out dividends whilst having debt financing in place because a mixture of equity and debt gives an optimal capital structure in order to minimise its cost of capital (debt typically cheaper than equity to a certain point).
It doesn't make sense for GGP to sit on pile of cash unless it is being put to work, and if we are going to have a cash generating asset up and running then we do not need to retain all of it on balance sheet.
Think you hit the nail on the head Yellowstuff. If we take a step back and consider Havieron with respect to other mines, then even IF we were to find no further traces of gold, the 6.5moz in our latest MRE still puts Havieron in the upper echelons of gold mines.
We are already a top 10 global gold resource and we will only continue to move further up the list.
Grasberg and Muruntau we are coming for you.
Big Phil at it again. What do him and Colin know....?!
Hydro come on dude. I appreciate that there are shorts, but don't say well over 50m, then you follow up with 'I expect 52m'. So you don't know, and its a 4% increase.
I thought yesterday you were also now saying they'd decreased the position below the disclosure threshold.
Is it too simplistic to apply the following methodology. Gold Price range 1,500 - 2,000 and a fixed AISC of 643. This would give an implied profit per oz of 857-1,357.
With a total mineral resource of 6.5m oz, 30% would therefore be worth 1.67bn - 2.65bn, meaning the FMV of the 5% would be 279m - 441m.