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$4.69 saracen mineral holdings limited

Super Pit ... Super Smart ???, page-35

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BodoDell

484 Posts.

98

18/11/19

11:06

Post #: 41480647
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Originally posted by truthfulword: ↑

If comparing to say WGX worth $890m with guidance of about 285,000 and AISC of AUD$1395 then may think a little expensive, although to be fair I think WGX is trading at a unreasonable discount so maybe Super Pit price about right.

but when thinking of where the asset should be in 3.5 years when at 350,000 a year and AISC at AUD$1200 then can argue it’s cheap.

yes short term pain, but should be great for long term holders

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And also wgx would have 7 years LOM, while there is 12 years LOM at the Superpit.

SAR Price at posting: $3.39 Sentiment: Hold Disclosure: Held
2 Upvote

0 Great analysis

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