Ann: Record Quarter of Gold Production for Blackham, page-331

First 331 Last

Share
Profile

Follow
nihilism

11,400 Posts.

565

14/04/18

08:39

Post #: 32451877
Share

Originally posted by CaptainGrumpy ↑

Yes absolutely, otherwise they wouldn’t be buying. To be clear I think the Matilda project is economic (borderline) which makes up about 25% of the resource. I think the Wiluna ore which make up 75% of the resource and much of the expansion program is not economic so I attribute zero valuation to that. When you apply a discount cash flow model to come up with a Net present value for The matilda project, my calulations value the company a lot lower than today. If gold price can break out meaningfully on a long term timeframe (which it is trying to do), I will likely just buy even though it exceeds my valuation, because of the enormous leverage. Otherwise I will wait for it to come back to my valuation and reassess if it’s a buy at the time.

Expand

So you are actually saying you believe the values given in the expansion FS are false or exaggerated to such an extent that the AISC is 60% higher than reported despite having an accuracy level of a feasibility study (which is maximum +/-30%)?

Do you have proof that the engineering companies who formed that feasibility are wrong to such an extent?

It's a big claim you're making there CG.

BLK Price at posting: 7.4¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

SER

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

AII

A new NASDAQ listing for a key player in the global critical minerals space

BDM

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18

PSC

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

DRO

History repeats for DroneShield investors but carnage so far subdued

STN

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

SYR

Syrah jumps +19% as graphite tariff threat spurs optimism down under

First 331 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Ann: Record Quarter of Gold Production for Blackham, page-331

Top Stories

Strategic Energy extends its QLD copper-gold frontier with Diamantina acquisition

A new NASDAQ listing for a key player in the global critical minerals space

Burgundy plunges -20% after turning to layoffs to navigate record-low diamond prices

HotCopper Highlights: Trigg; Droneshield; Lumos & more

Listen: HotCopper Wire Podcast 018 – Potatoes, TACOs, and the $120M helicopter heist

ASX Market Open: Can we squeeze one more record reset into Week 29? | July 18

Prospect's Mumbezhi Project puts it at the middle of copper's megatrend. And FQM just bought in

History repeats for DroneShield investors but carnage so far subdued

Saturn brings up seventh straight Apollo Hill upgrade on 'impressive' 300-hole drill run

Syrah jumps +19% as graphite tariff threat spurs optimism down under

Featured News