Ignoring cash and other financial assets, current ASM operations are chewing up about 20-30m per year (to be confirmed in the earnings report).
This announcement implies that next year Simberi operations and associated (non expansion) capex will be break even.
Thats a huge turnaround if it happens.
Balance sheet funded capex projected over next 2 years means the future value of SBM will be anchored to the return of that capital. Assuming it's in TDs at the minute, getting 5% ish, ROC needs to be higher to support higher share price.
Plus a thousand other variables.
Then, there's Canada. BOC cutting rates, unemployment creeping up to 6.5%. Next year is an election year. Is it possible the mine permitting is reviewed?
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Last
38.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $411.4M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 543 | 40.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 450 | 1 |
View Market Depth
| Last trade - 16.27pm 16/06/2025 (20 minute delay) ? |
| SBM (ASX) Chart |
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