Post by
RONNIE111 on Sep 21, 2020 6:54am
The Future
Looks like gold price is permanetly stuck in the $1900's. And it looks like gold companies like Endeavor aren't going up much without gold price going up. So maybe it will take this announcement, sometime at the end of this year, from Endeavor that:
- the debt is all paid off
- that they expect to produce around 1.1 to 1.2 m oz Au in 2021 and if gold stays in the $1900's that whole year, the margin over cash costs will be around $1.3 or 1.4 billion. The governments share of this, since the governments where they have mines own 10 or 20% of the mine, plus royalties and maybe a little corporate tax is ?. So since I don't know what that number might be, for fun let's guess $400 million. Leaving on the cautious side $900 million. Which they will spend as follows:
- office $50m
- a new 100,000 oz mine $300m
- general exploration and development $140 m
- a dividend of a buck a share $160 m
- cash reserves, rainy day fund, etc. $240 m
- huge party for all shareholders, workers, etc. $10m
Just imagine what that announcement will do for the share price!