The maths and valuation is pretty straightforward.
500,000 ounces at a cash cost of A$1100/ounce.
At today’s gold price a margin of A$700/ounce.
Gives an undiscounted profit of $350M, with upside over a 4-5 year mine life.
BV
Ann: Mt Joel Highlights Significant Mineral Inventory Upside, page-31
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