The Long Awaited DividendsMany promises by this management team over the past decade or so, but none have been instituted.
There is a way that regular dividends can be instituted within 18 months .
As at February 2019 we have been paying down our gold streamlining liability by 241 ounces per month for a period of 3 years ending February 2022.
At current prices, the annual streaming costs are about 2900 ounces per year, sufficient to pay a 2 cent CAD per share.
Very few gold stocks pay dividends.
Those that do tend to have a dividend yield of less than 1%, with the range being 1.5. % to 2% .
Assuming a 2% yield on a 2 cent annual dividend equates to a share price of $1 cad per share.
Can we do this ?
Certainly, if Peranghi turns out consistent with the first closely drilled and mined area