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.
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