SBM increased cash position by 52m in June quarter. I expected SBM to drop below $1.20 but I now think that SBM is a good buy at $1.35.
Total Shares: 325m+ (204m*0.8) = 488m shares.
Market Cap: 658m @ $1.35
Total Debt: 120m (SBM) +80 (ALD’s gold loan) =200m
Total Cash: 189m (SBM) +38m (ALD) + 120m -208m = 139m
Capx: further 16m required for Simber mine expansion
Production forecast:
Simber (ALD): targeting 75000 oz production at $850/oz cash cost in 6 months
Gold Ridge (ALD): targeting 105000 oz production at $850/oz cash cost in 6 months
Gwalia (SBM): 180000 oz production at $650/oz cash cost
King of the hill (SBM): 50000 oz production at $750/oz cash cost
South Cross (SBM) : running out of reserve
Total: 400000 oz at $750/oz cash cost and $1150/per oz total cost
Margin: $400/oz at gold price $1550/oz
They will need to pay off 60000oz @ $1330/oz for ALD’s 80m gold loan 1st,
Potential positive cash flow: 400000oz*$400/oz margin = 160m
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Last
30.3¢ |
Change
0.003(0.83%) |
Mkt cap ! $327.5M |
Open | High | Low | Value | Volume |
29.5¢ | 30.5¢ | 29.5¢ | $362.6K | 1.204M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
17 | 223983 | 30.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
30.5¢ | 339312 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 244553 | 0.300 |
16 | 547221 | 0.295 |
11 | 406975 | 0.290 |
15 | 750142 | 0.285 |
33 | 1217716 | 0.280 |
Price($) | Vol. | No. |
---|---|---|
0.305 | 289239 | 24 |
0.310 | 1872151 | 13 |
0.315 | 105496 | 6 |
0.320 | 335577 | 19 |
0.325 | 395935 | 7 |
Last trade - 11.29am 28/07/2025 (20 minute delay) ? |
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SBM (ASX) Chart |
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Frazer Bourchier, Director, President and CEO
Frazer Bourchier
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