BC8 0.00% 26.0¢ black cat syndicate limited

Kal East should be worth at least the current market cap imo....

  1. 11,873 Posts.
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    Kal East should be worth at least the current market cap imo. 1.3moz @ 2.1g/t and its open all over the place. You can see recent sales on a per-ounce basis and work from that. I hope they don't sell it. It is a longer-life asset. The recent gold price rise opens up even more ounces at an economic level. This is the point about bc8, once it's funded into Paulsens, then it's a positive Ponzi scheme into Kal East. The company has two mills with a 1.5m/t pa production capacity sitting in Kal. Even those mills would be worth more than they paid for them. All the studies at Kal (any of the projects) are based on 3-5 years only. The assets well exceed those studies.
    The worker availability would have improved to some extent. The big REE development out there is finished and several companies let their workforce go in the nickel space. Australia has been relatively quiet on the gold exploration front as the focus seemed to be more on lithium. I guess if anyone approaches BC8, then its all about price. Think about that thing punching out 100k oz pa with both mills running with this gold price. It would spit far more free cash flow than the current market cap imo. It's all about Paulsens to me. Fund that, and the lights turn on imo. My opinion only, dyor.
 
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