"Shareholders would be interested to know that if current prices prevail for the next two to three years, annual after tax profits from the first two years of production should be in the order of US$45 million to US$48 million."
And we can almost get to these lofty NPAT figures with an effective hedging policy to take advantage of the higher prices on offer.
What I take out of this announcement is that we are now only 9 months out from the massive Rivers of Gold! That is, we are getting derisked, much more then the market realises, on a daily basis.
EVG Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
