RE: AGREE WITH MiddleEastMoney WORKINGS15 Feb 2021 22:41
Starbright - POG before the sale of Buritica was maximum $1300. It is not $1,850. Assuming AISC has not increased that much, the same resource would now be worth another $550 per oz. Not sure why this is difficult to understand really, with the POG at these levels, and expected to go higher, all the increase is "profit" for whoever extracts that gold. Fine you can give away a little of it as AISC may be slightly higher now, but it won't be $550 higher. So my valuation stands, and if anything it is conservative. Happy to be corrected, but that's why earlier I asked whether there were any recent sales....
Thanks,
Value