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
EAR Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held