currently 70k oz per year at a cost $3600 per oz. At $4000 per OZ that’s $30mill per year in profit. the company is currently valued about $100 mill above their cash position.
I cannot see how their current operations can push the share price much higher (apart from gold price increasing substantially). We are still a few years away from the ramped up production at Simberi. Management have also stated Canadian assets are on hold until the Simberi development is completed.
we could be trading at $2,$3,$4,$5 or $6+ one day, that’ll be a few years away pending a lot of hurdles have been jumped.
SBM Price at posting:
37.0¢ Sentiment: Hold Disclosure: Held
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