My brief numbers - used a shortcut - really miners are more valued on DCF than multiples, but I am using a multiple because I am lazy, also would probably stuff up any DCF calcs through lack of skill, and using this as a before and after comparison anyway.
Production G at Did was 110koz MP, now to be 112.5 MP, AISC was $225 MP, now $255 (worse), NZ excluding new mine (Waihi) prod g was 205 koz MP, now 215koz MP, and AISC g was 1115, now $1005.
Profit uplift in USD would be for D, an extra $3m for extra production, but minus about 3.5m for costs, for existing NZ mines, production worth extra 11.5m, and cost reduction adds another $23m.
So total improvement (some factored in already) of about pre tax $34m USD over 6 months, and in AUD $48m, after tax guess maybe $34m, profit or 11cps uplift
If a quarter is factored in, (half already factored in, and half belongs to Romarco SH) and you use a multiple of 10x - expect to add 25cps val to your shares very roughly.
Have ignored W in my numbers. So any thought on ramification of any news on that would be appreciated.
Good luck to all holders - may gold not be crap anymore.
OGC Price at posting:
$2.59 Sentiment: Buy Disclosure: Held