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If gold rises to that level, however, I doubt we could assume a 3% yield, more like 2 or 1.5%. Thus the share price could easily add another 166p
If we assume a 3% yield, that adds 166p to the share price.
If divi payout ratio remains @ 40% of profit, that is an extra 5p divi.
If costs stay the same, that is an extra $175m to CEY per year after profit sharing.
i wonder what price these if/when gold reaches 2000$/oz
Last I remember he sold at 39 telling everyone it was due for a downturn, just before it popped up.
cant remember if he sold 75% down or if that was someone else
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