RE:RE:RE:RE:2019 Outlook - should see a pop tomorrowsunsurfer:
I have 5-6 years of resource, trading at @ 2.5 EV/EBITDA net of working capital against the long term debt. Some people like to use just CASH against LTD. I use net working capital against long term debt to calculate Enterprise Value.
Seriously though, they can on the margin reduce the Exploration in 2019 and "growth" cap-ex and just use CASH and OCF in 2019 to buyback stock. Dutch action tender IF necessary to get a wack of it
Rare to see any Canadian companies actually buyback a share even AFTER announcing one...... they announce "for show" and still keep the shareholders "do" almost all the time.
Really, they only times these people seem to "get it" and make changes to how they allocate the company capital is IF you threaten that their managment/BOD perks are going to be taken away in a proxy solicitation..........aka..........Detour Gold...........