Post by
nozzpack on Oct 18, 2024 6:11am
POG at $2718 US
That's close to $1000 US higher than our base for the 2022 FS.
Our capex costs have been drastically reduced, current operating costs of gold producerd are now much lower due to the lower energy prices which is the highest cost item for miners.
We have significantly improved our gold recovery rates which will be increased even further by the recovery of gold fines from the Shoreline wash plant.
In short, at current POG, Maritime HD mine over 5 years at $2718 POG Will Free cash flow $250 million US = $330 million CAD more than forecast in the 2022 FS which was just over $200 million CAD.
Thats $530 million in Free unencumbered cash flows which is over $100 million cad per year.
Thats $0.12 per share in current FD shares , with a free cash flow multiplier over 10 times.
So, at 0.06 per share , we are trading at just 0,5 times Free cash flows per share that have reasonable expectations of beginning in Summer 2025 but which would mean an easy 10 bagger.
GLTA