PLY released a broker presentation today. It states that they have produced over 115oz from WD to the end of Sept, which is an increase of 15oz from last quarter.
Therefore, our share is 75% of that at about 11.5oz. At current prices, as GL said in his interview the other day, we are netting over AUD1k per ounce, which means we had at least another 11.5k coming into the coffers from WD last quarter. Probably more.
We also had cash from interest, options exercise and copper royalties. We had exploration expenditure though of course.
When taking all this into account, my guess is that cash should increase from 224.5m (64c per share) at the end of June to around 240m (68c per share) at the end of Sept.
Comments from PLY also quite positive on extensions, and they also state that production from WD continues until April 2012.
Interestingly, the PLY presentation also states that there are 3 historic gold-copper mines on the Drew Hill tenements. Anyone know much about this?
PLY released a broker presentation today. It states that they...
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