Tomorrow's Numbers?So we are WAY up since the lows of October (37%) post the Q3 production figures and are now sitting with a $3.3B market cap. What a year! Anyway, this valuation does start to get me a bit nervous as we are trading at roughly 22 times FCF for 2017 and 12-15 FCF for 2018. These are still amazing numbers (for a gold miner in particular, they are insane) and will improve as production ramps in 2019-2011 but it is unlikely we will see the bonanza of 2017 again in terms of valuation appreciation.
What numbers do we need to maintain the stock price ... or better, rally tomorrow (assuming Q4 numbers and 2018 guidance are released tomorrow)? At a minimum, I think YE production will have to be 170K for the question (YE 600K which would be slightly above top range of guidance). For 2018, I'm thinking 675K to 700K ounce guidance at $400-$425 total operating costs and AISC of $700-$750.
Thoughts?