Quote Originally Posted by silverblizzard888 View Post
Yup and after that they need to find AUD$230m or less depending on their cash holding, so they set up all the facilities and prep everything to start mining.
Yeah bound to be some more equity involved, but hopefully mostly debt. Plenty of time for exploration to hopefully increase the resource base & extend the mine life.

I would like to see the plant throughput capacity increase by at least 50% as they are bound to find more gold and get production up around 160k - 180K toz per annum.

$250M - $300M of free cash p.a. would be a serious proposition and the earlier bigger cashflow would get factored into the P.E ratio.