MQ24 Production and Cashflow Estimates, page-29

First 29 Last

Share
Profile

Follow
speculator101

11,658 Posts.

6027

16/04/24

11:06

Post #: 73364403
Share

Originally posted by wassa: ↑

I would be satisfied around these numbers for the qtr,

270,000 tonnes processed … U/G 50 kt @ 4.8g/t , O/P 220 kt @ 2 g/t

20 - 20.5 kt oz …. + $ 7 - 9m cash.

Cash is difficult …. demobilisation and contractual adjustments for Hampton Mining contract closure ?? possible accelerated payments of creditors due to increased cashflow.

Bullish case thou, PNR did guide 45.3 koz on the 16th Feb and then 50 koz in the Half year report for H2 so could surprise … seems a bit ambitious with contractor changes and with in-pit Scotia underground preparations in the mix.

I just can’t stop thinking about the loan potentially being cleared in just a few quarters.

Expand

Hey Wassa,
thoughts? I guess as in the other threads, the original contractor had no onus to make any effort in January, so a terrible month....
Glad they are gone to say the least!

There is actually a good chance they can make upwards of 25k for the June Quarter, even if they can just replicate March's production numbers.

25k at $3600 AUD = $90m.... with costs sitting around say $65m (will see $25m free cash), which will ensure they have more than enough to fund Scotia and hopefully, even start paying down the debt.

Just need the open pits to perform a little better.

Too optimistic?

Last edited by speculator101: 16/04/24

PNR Price at posting: 7.8¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply