BC8 3.64% 26.5¢ black cat syndicate limited

Kal East will drop $30m into BC8 next year after the upfront...

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    Kal East will drop $30m into BC8 next year after the upfront costs are paid. The gold price will affect that unless they forward sell and lock that in. This is based on a tiny fraction of the resource. It helps with debt and construction costs. This gives BC8 a tidy addition to the balance sheet. All the studies show that these assets are cash machines, and the toll treat is further proof.
    Once BC8 receives the final money for Paulsens, then BC8 will have two of the three mines punching out serious cash next year. It's a great result. It would also grant them enough money to bring on Coyote or ramp up Kal. In the meantime, the final raise is required to hit the ground running at Paulsens. This is due shortly. Whatever happens, the company will now generate real money next year. dyor
 
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