I have been trying to do sums in my head this morning and thought I'd share.
Firstly, many thanks austrochris for sharing you conversation with Mr. Dinning
Easiest sum is that paying off the $150 million to build the mine infers profit of $225 million annually from the gold - austrochris, is this $US or $AUS
Working out life of mine with expected AISC in West Africa (and expecting mine build to be in $US) would put a conservative mine life with current inferred resource at 10 years. Obviously, there is optimism that the true resource could sustain a mine for 20 years.
So when doing sums in my head I've got the possibility of the $13 million AUS MC company producing within 5 years with over $200 million annual profit (is that $US or $AUS) with a paid off mine build and 10-20 years mine life.
This mine will happen, the main possible hold up could be funding the mine and to what extent shares get diluted along the way
- Forums
- ASX - By Stock
- SRR
- Sarama is undervalued
Sarama is undervalued, page-8
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SRR (ASX) to my watchlist
(20min delay)
|
|||||
Last
3.2¢ |
Change
0.001(3.23%) |
Mkt cap ! $5.357M |
Open | High | Low | Value | Volume |
3.2¢ | 3.2¢ | 3.2¢ | $4.342K | 135.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 148807 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.4¢ | 758082 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 148807 | 0.032 |
1 | 19000 | 0.031 |
2 | 424999 | 0.029 |
1 | 300000 | 0.028 |
2 | 750000 | 0.027 |
Price($) | Vol. | No. |
---|---|---|
0.034 | 758082 | 2 |
0.036 | 80000 | 1 |
0.039 | 71000 | 2 |
0.040 | 150000 | 2 |
0.045 | 88778 | 1 |
Last trade - 15.52pm 04/10/2024 (20 minute delay) ? |
Featured News
NEWS
Breakthrough programs slash healthcare events, driving a significant A$1.8M+ annual revenue boost
CC9
Chariot Corporation (ASX:CC9) refines Black Mountain strategy, launching Pilot Mine to seize U.S. lithium opportunity
SRR (ASX) Chart |