dublebad wrote:
The balance sheet contains, in addition to $18 million cad in cash, another $22 million in gold inventory ot which $ 13 million cad is in saleable gold ingots.
About $0.13 per share in cash and cash equivalents.
Next week Sulphide report
Quelle :
http://www.stockhouse.com/companies/bullboard/...#gZJW9GfKORh1XJht.99Current resources for just a portion of Burkenara would sustain 40,000 oz per year from open pit mining from the 500,000 ton mill.
Underground would be at least 3 times richer in grade, implying 120,000 oz per year.
Get in cheaply while you can.
We have the Sekinsing Sulphide Study Coming any day now
Read more at
http://www.stockhouse.com/companies/bullboard/...#pXoEqoTYXLWiQ8Tw.99Murchison Gold Project consists of Burnakura, Tuckanarra and Gabanintha
Western Australia.
Together, these 3 produced nearly 600,000 oz from 23 surface pits.
No greenfield exploration has taken place in the last 20 years and none whatsover at depths below the pits.
Already at just Burnakura , the new resource estimate of 380,000 oz has trippled the previous historical resources in 2015.
For all 3 project areas, 644000 oz have been estimated by historical analyses.
Drilling at Burnakua is now resuming with targets being deeper zones beneath the open pits and locating new pits.
Plans are to double the size of the current mill to 500,000 tons.
If the deep drilling hits commecial grades this quarter, and with 23 open pits offering similar underground motherlodes, we are off to the big races.
Read more at
http://www.stockhouse.com/companies/bullboard/...#wPc3p0iJaQ6BeTsH.992019 Production based Valuation
I assume 2019 Production, defined as the next 4 quarters, of 20,000 oz.
I assume $1750 cad per oz as the POG.
All in cash costs ( excluding capex ) were $ 1000 cad /oz for 2018, but $ 750 cad/oz in Q4/18 and $800 cad /oz for Q1/19.
I use $800 cad /oz as the all in cash cost for 2019.
That is, cash margins will be $950 cad per oz of gold production, which @ 20,000 oz, results in annual cash flow of $19 million cad or about $0.050 pedr share.
Given its pristine balance sheet, and strong growth prospects including the resources to boost production to 100,000 oz per year, a cash flow multiple of at least 10 should apply.
This provides for multiples of upside from its current production, and exemplary gains in valuation on reaching 100,000 oz of production.
Read more at
http://www.stockhouse.com/companies/bullboard/...#58JGETcciFzaqEZT.99