ASX's most undervalued Gold Stock, page-193

This is from Belle Potter's gold report, uses Sep quarter data.

Just shows how valuable EGA could be, even if they only produce 50koz p.a @AISC$1000.

AISC Margin = $700
Implied Free Cash Flow = $35mill
EV/FCF = Average is 6.4, PNR on around 5. Using x 5 = $175mill

Or look at PNR, pumping out around $400 per oz in Net Cash.

Let's say EGA can get to 60k oz, that's net cash of about $24mill p.a.

Just shows you how profitable Rothsay could be. Just need to get into production as quickly as possible now.