The implied value of 300koz au = A$230m
AISIC = $1300
Estimate of profit per oz = A$800
Risks
- Mining costs for deep underground narrow vein PN gold underestimated
- Underground mining costs for small mines are increasing rapidly
- Capital costs could be very high
- AISIC = $1600 oz reasonable
- Profit $500 oz
- Thin margin in risky gold market.
The profitability relied on expansion of the jorc to be comfortably profitable (see chart in previous post)
The latest results introduce fears that the jorc is capped
300K oz at depth with high CAPEX and risky gold price is not what investors had hoped for as reflected in the SP
But what's the AISIC?, page-5
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $30.27M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.7¢ | 0.7¢ | $2.428K | 346.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 7142412 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 4021727 | 13 |
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| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| SPX (ASX) Chart |