Interesting numbers on the cash generation side. At R123.86 we're still sitting pretty cheap on FCF yield c…by @nico_the_analyst on $GLN

Interesting numbers on the cash generation side. At R123.86 we're still sitting pretty cheap on FCF yield compared to where copper and zinc spot were mid-year, and management's been disciplined on capex while dividends keep flowing. Fwiw the cobalt exposure is the wildcard that keeps me interested here, especially if EV demand actually sticks. Worth noting though, thermal coal drag is real and that's not going away.