RE:Sam's show at DenverI will add a few more FACTS on Oceana for Temple and other to contemplate.
Oceana said Didipio will add $80 million to $90 million in after-tax cash flows each year for the next 10-11 years. Sam stated the analysts value the asset at $300 million. There appears to be an opportunity for any investor to presumably take advantage of a significant arbitrage.
Waihi will double in production and has a mine life out to at least 2028 sounds like it will keep going longer. WPK is longer dated but when you look back at their release a year ago this deposit will make Waihi a 250,000 ounce producer for a decade. What's this worth today? What's this worth tomorrow but WPK seems to be a beast. Sam said other early stage exploration plays are enjoying hefty valuations for deposits that may not be as sexy as WPK.
I would think they can turn Macraes around.
Haile is the question mark right now and potentially a value trap.
I come up with a number well above $2.2 billion. Add the B2 premium.