Does anyone here have previous experience with an exploration company that has gone to production?
I am wondering how the back-of-envelope calculations would work theoretically.
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E.G. If WAF went to production with current reserve, at $769m AUD operating profit, and one allowed 25% of that for non-op costs (mg't, taxes, exploration of further reserves/tenements) and rest was returned to investors. That would THEORETICALLY amount to avge $120mil/annum returned to investors (60% p.a. on current S,P).
Anyone with any experience investing in this scenario, what are more likely numbers in this scenario? (Pls).
Ann: WAF confirms Sanbrado as 200koz gold producer by 2020, page-63
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