Ann: Thick high grade results at Santa confirm UG mine potential, page-44

@dwuuu

When you say $160 million cash by 31 Dec 2019 - did you mean end of 2019 or 2018.

I have the combined entity hitting approx $292 million cash and shares by end of 2019 before exploration/development which if you assume around $40 million would still leave them around $250 million assuming operations continue to perform as well as they have been. 

Despite Friday's night drop in the gold price - the wages figure showed strong wages growth which will put pressure on inflation; also if the Fed back down on interest rate rises and leave the rates low this will  be good for gold along with continuing geopolitical tensions/trade wars etc. 

I expect a big rerate for the merged entity from institutions as the company will be capitalised in excess of $500 million and as such should get into the ASX 300 and also a bigger percentage in Van Eck etc. 

My workings below (please take with a grain of salt)

GLTA/IMHO