This is from Belle Potter's gold report, uses Sep quarter data....

This is from Belle Potter's gold report, uses Sep quarter data.

Just shows how valuable EGA could be, even if they only produce 50koz p.a @AISC$1000.

AISC Margin = $700
Implied Free Cash Flow = $35mill
EV/FCF = Average is 6.4, PNR on around 5. Using x 5 = $175mill

Or look at PNR, pumping out around $400 per oz in Net Cash.

Let's say EGA can get to 60k oz, that's net cash of about $24mill p.a.

Just shows you how profitable Rothsay could be. Just need to get into production as quickly as possible now.