RE: news out Have a little fun with numbers....
the current gold price is about 25% above 1300 - assuming it stays there and doesn't go down (or up???) between now and 2014...
according to this:
Sensitivities
The key sensitivities are set out in the associated table.
KEY SENSITIVITIESFactor Change Effect on NPVGold price +10% +28% Operating costs +10% -15% Capital costs +10% -4% Ore grade -10% -28%
you would then increase the NPV by 28% for 10%, so another 28%, then another 14%?
i know the math is wrong somewhere but if the NPV (which is currently 414 M after tax) goes up by 28% if gold goes up by 10%, then it goes up a lot more than 28% if gold goes up by 25% from 1300$ (which it is today)
at 414M, the shares are worth around $2? so at the current gold price, they should be worth....
and remember, this is just one of our properties...
happy times ahead my friends...
especially interesting is this:
"With exploration ramping up at Obotan, and across our regional tenement holdings at Kubi and Asanko, we are looking forward to a period of strong news flow from drilling as well as a further upgrade of the JORC/NI 43-101 resource base at the Obotan project next month.
got to love the idea of "strong news flow from drilling" since that is what drives stocks like this.