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20.5¢ wiluna mining corporation limited.

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RandomAce

1,466 Posts.

116

04/04/17

21:51

Post #: 23857659
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Originally posted by happy Hippy ↑

I had a quick look at a couple of peers.
MOY 86,000 oz pa at AISC around $1200 with 781,000 SOI and a SP of 26 cents
RMS 130000 AISC $1130 SOI 525,000 SP 56 cents
DRM 120,000 AISC $1509 !!!! SOI 357000 SP 35 cents
Lets make a few assumptions for BLK's next 4 quarters 20,000 oz per quarter 80,000 pa AISC say $1200
So I am adopting a production considerably below guidance and a AISC above. SOI of 338,000
Do the math anyway you want and we should be at 55 -60 cents when compared to our peers
If we hit guidance and even if we need to issue say another 60,000 shares to fund us through this fraught ramp up we still should be 50-55.
So that, I believe, is pricing at worse case scenario. We know as others have pointed out if we ignore the 26 days of lost production due to rain that we are achieving guidance.
Gold as I type is $1666 AUD
We have drilling and the expansion ann to come.
IMO at 40 cents with the AUD falling and POG rising this is sensational buying even if we only pump out 80,000pa with a $1200 AISC with another CR factored in.

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Too bad blk hasn't published any asic figures so they must be pretty bad.... in fact possibly exceeding gold price received.

If they were good or reasonable numbers... they would be the first thing you would see accompanying the latest wiluna update in order to soften the blow.

BLK Price at posting: 40.0¢ Sentiment: Sell Disclosure: Not Held
12 Upvote

0 Great analysis

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