RE:RE:RE:RE:Market cap normalization Nice rebuttal HB77.
There is also the $8.5 mil spent on the acquisition they made last year, not to mention the tax write offs Victoria feels they can use from that addition. This would be a good year to put that tax write off to use!
As for the guidance, that is a sliding rule, the more production, the less the costs, so if we assume high production guidance, we can also assume low AISC and visa versa. First quarter results,hopefully Monday, will start to tell the story. It has been a mild winter, lets hope results reflect this.
I think the biggest point in all of this is the fact that dept repayment does not have to be completed by 2025. Victoria stated at this years AGM that their goal was to repay the term debt this year and if anything was left over, to apply that to the revolver or other interests. The maturity date on the revolver is simply to tool to allow Victoria or its lenders to adjust the terms according to the most current conditions.
While I look forward to a significant re-evaluation after debt repayment, I see no reason to sweat should they not clean that up before the end of 2025.
All the Best.