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clock Created with Sketch. 17/04/23
16:20
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Originally posted by Walter2022:
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This deal with give SBM $122M of unrestricted cash and limited production to generate future free cash flows. Production post FY23 will rely on Simberi oxides at probably AISC of +$2,500/oz - Simberi has high fixed costs and AISC is very sensitive to volume of production. For a low production operation PNG is a difficult jurisdiction to operate in giving rise to high fixed costs and operational risks. Oxide production from Simberi post FY25 seems unlikely without some material exploration success.
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major institutional investors are also invested in Genesis?
Last edited by
wilef :
17/04/23
(20min delay)