While I acknowledge your enthusiasm, there's several things to take note of with SBM currently. Firstly, AISC's at both Simberi and Gwalia have been on the rise in the back half of 2019; A$1,717 at Simberi and A$1,513 at Gwalia. The Gwalia vent extension project will definitely alleviate some of the production bottle necks, but it's a big complicated project and they need to demonstrate they can successfully implement it.
The Atlantic Gold acquisition and subsequent pretty decent 2019 performance offsets some of these cost blow-outs, but if we enter a period of forced covid 19 shutdowns at Gwalia or Atlantic gold, then there will be downward pressure on the sp. Solid prospects, but definitely not without some risks imo.
$3.90 valuation by GS updated, page-323
-
- There are more pages in this discussion • 167 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SBM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
22.5¢ |
Change
0.015(7.14%) |
Mkt cap ! $184.0M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 22.5¢ | 20.5¢ | $1.239M | 5.704M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 105133 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.5¢ | 106701 | 2 |
View Market Depth
| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| SBM (ASX) Chart |