And to achieve that C1 cash cost there would have to be a reduction in the stripping cost in the North Pit that currently runs at around $12-13mil/quarter - does anyone know whether this stripping goes on ad infinitum or does there come a point in time where this expense will peter out? And if so, when is that likely? Sorry for the impossible questions.
I actually think the key to an increasing share price is for them to be paying a one cent dividend(fully franked would be nice) every six months religiously - a mere $24mil per annum - I'm sure that is currently covered at least three times by cash earnings(and even more by accounting earnings as stripping costs are capitalised and slowly amortised) and with that bank balance they sure can afford it.
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Last
25.5¢ |
Change
0.010(4.08%) |
Mkt cap ! $266.1M |
Open | High | Low | Value | Volume |
24.5¢ | 25.5¢ | 24.5¢ | $277.9K | 1.118M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 8697 | 25.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
25.5¢ | 300014 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 219779 | 0.270 |
9 | 458580 | 0.265 |
26 | 932290 | 0.260 |
7 | 172530 | 0.255 |
22 | 717920 | 0.250 |
Price($) | Vol. | No. |
---|---|---|
0.275 | 405759 | 8 |
0.280 | 942702 | 17 |
0.285 | 372332 | 13 |
0.290 | 1710676 | 31 |
0.295 | 651900 | 8 |
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GRR (ASX) Chart |