At what PG does BRD fail? If someone were to back of the napkin BRD's future, at what price of gold would the business model fail:
- say they product 100K Oz of which 92K are sold at spot and 8K are sold at $250 below cost of production
- interest payments were 6MM, 2MM lost on hedge, 20MM dev/exploration
(6MM+2MM+20MM)/92K Oz = (POG -750 cost of production)
If POG hit around $1055, would BRD's business case fail?