Minor Updates per 2024 PNG Investment Week (Dec 6-12)Lewins provided this update held in Sydney Australia.
A couple of minor revisions and/or updates:
1.) Looks like stage 3 commisioning now 2nd half 2025 from 2nd q
2.) Stage 3 at 303k eq oz AU... i last recalled it at 290k
3.) Stage 4 at 414k eq oz AU... i recalled it last at 480k or so
4.) Lewins mentions a Stage 5 w/o further comment
5.) AISC for 2024 now at $1400; for 2025 at $1103
6.) He stated that no dividends have ever been paid out
to shareholders. Instead their focus has been on reinvesting all
income back into expansion activities w/o further elaboration
* I listened to to his comment on 6.) twice. Since he referred to
dividends in the past tense, one could speculate whether he meant
that this would be their policy going forward or whether a dividend
announcement later could be a catalyst to send the price higher