JUST LOOK AT THE ESTIMATION OF THIS COMPANY FOR 2020, AND SEE HOW MODEST IT IS:
- 2019 Gold production: 354,405 ounces (AISC of $888 per ounce of gold sold)
- 2020 Gold production guidance: 325,000 to 365,000 ounces
- 2020 Estimated free cash flow1: $100 million - $170 million at a gold price of $1,450
- The AISC1 for 2020 is expected to range from $910 to $1,060 per ounce of gold sold with cash costs expected to range from $725 to $830 per ounce of gold sold.
NOW CONSIDER THAT AVERAGE GOLD PRICE HAS BEEN 1573 SINCE 2020 STARTED..! (MIN 1517 AND MAX 1690 USD)
I STRONGLY BELIEVE THAT FREE CASH FLOW OF THIS COMPANY COULDNT BE UNDER 200 MILLION IN 2020..!
WHICH COULD LEAD TO HIGHER PRICES EASILY..!