RE:RE:RE:huge news !Looks like the market really likes the news: EDV up on a terrible day for gold. And what's not to like: 800koz @ AISC $800/oz means an AIS margin of $320m @ $1,200 gold. Put that on a multiple of 10... and you get a share price around C$34. A crude estimate, but it works for me! - and that's before Kalana & potential upside from greenfield explo.
My biggest concern is whether explo. results around Tabakoto will be good enough to bring that mine into what Sebastien calls the "magic box" of AISC below $850/oz and mine life > 10 years. Otherwise we'll be looking to divest that operation, I guess.
Cheers,
Mark B