Perseus Mining Limited (PMNXF)

[Vegas Matt]

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And indeed, Perseus Mining reported an operating cash flow of A$86M ($62M) and after paying A$39M in capital expenditures, it's safe to say the company generated A$46.6M ($33M) in free cash flow (and even in excess of A$50M if you exclude the changes in Perseus' working capital), resulting in an impressive free cash flow yield of almost 25% at the current share price and market capitalization.
The balance sheet is indeed improving and this makes Perseus an interesting acquisition asset

If you'd compare the situation of the balance sheet as of at the end of June 2015 with the situation at June 2014, you'll be amazed. A working capital position of A$70M ($50M) had been improved to A$177M ($127M) and the cash position threefold to in excess of A$100M ($72M).

And that could be a very important fact. Perseus is an ambitious company and plans to increase its production rate even more by bringing the Sissingué gold project in Ivory Coast into production. Traditionally, a mining project is being brought into production using a mix of equity and debt to fund the construction cost. However, with Perseus current working capital position it should be possible to complete the construction without external financing.

http://seekingalpha.com/article/3484716-perseus-mining-might-be-worth-a-punt?auth_param=6ojk:1augmls:75b3ed8e82f836fc1d422b485e1fd833&uprof=45