He is at AMEC each year and doesn’t look one bit depressed while he stands on the podium making claims. Why would he? Plenty in the bank to keep milking until the real retirement hits home. You can chat to him there.
If the market cap is smaller that cash in the bank and the SP is still stuck with general market sentiment up, you can work out roughly why the market is not convinced. Cash burn seems a ‘tad’ high for a perpetual explorer?? I wish to be in his shoes, what a great lifestyle.
Ann: 2018 Annual Report & Financial Statements, page-9
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