DYOR. Not Advice. Targets presented below are based on my...

DYOR. Not Advice.
Targets presented below are based on my research and calculations. You are encouraged to DYOR and make your own decisions.​

On peer analysis we have a potential 5-bagger!

I've updated my analysis based on the production target upgrade to 64,000 koz. See:

https://www.asx.com.au/asxpdf/20190212/pdf/442k4rbzs5hrzv.pdf

Once we transition through approvals, financing and in construction we should move to around $0.57 based on construction peer average of AUD $1.16M of MCAP per 1 koz of production.

Based on average of similar-sized producer peers we should move to $1.44. That's a 5-bagger! By that I mean 5 bags of profit as an 18-month target ( assuming approvals and financing come through soon ).

For the time-being I have removed Gascoyne from calculation of my producer peer average because their share price crashed over 50% in October.