not new infoCurrent status:
$40m free cash flow pa gives about $0.36c/share, about 12% return on today's closing price.
My sums look like for current POG but I accept any errors and omissions.
Banfora project at say $250m, TGZ has $80m so borrow/raise $170m.
In 2018, $40m free cash flow and complete building Banfora mine
In 2019, $40m free cash flow plus new free cash flow from producing Banfora mine
In 2020, with about 50% more production for full year from Banfora, estimate free cash flow to be somewhere close to $60m for current POG if capital/equity is raised on reasonable terms.
2021, repay remaining debt and
In 2021, more free cash flow +++.
As always, GLTA as we live in interesting times.