"We think the market is weighing up a debt & equity mix, as capex of US$260m is met with FCF over the next 2 years of A$170m, leaving a reasonable shortfall."
Assume A$ = 0.75 US$, and no tax after years of losses.
UBS forecasting:
324,000 oz Gold produced in FY19
336,000 oz Gold produced in FY20
To basically double the FCF and cover the US$260 we need:
(260/0.75-170)/2 = A$88.3M extra FCF per year in FY19 and FY20
88,300,000*0.75/324,000 = US$204 above USB forecast of US$1304 in FY19
88,300,000*0.75/336,000 = US$194 above USB forecast of US$1355 in FY20
Ann: March Quarterly Activities Report, page-29
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Last
$2.65 |
Change
-0.035(1.31%) |
Mkt cap ! $2.265B | |||
| Open | High | Low | Value | Volume |
| $2.65 | $2.66 | $2.60 | $8.508M | 3.222M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 32885 | $2.64 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.65 | 61918 | 26 |
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| PRU (ASX) Chart |