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3.3¢ unity mining limited

i think the share price should be 2c at least

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Gymjunky

3,985 Posts.

898

12/11/14

14:33

Post #: 14277241
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Originally posted by curiouswon ↑

AGM report and address looks pretty good, IMO
- cash on hand $11.9M (=market cap at 1.0c)
- Henty getting better production at lower cost (admittedly heading to "care and maintenance" without any additional reserves in H2CY15) and cash should build
- significant staff reductions (paid out) and cost reductions
- Dargues looking at on-site ore treatment (it could be financeable if treatment sorted)
- Bendigo available for sale (but no offers at fair price)
- plus prospects near Henty
- GoldStone could yield some $ in due course (who knows? I am not holding expectations!)

And it looks like board and mgt is being honest with us.

So let me do a look-forward to (say) mid 2015 (putting aside all that is not key):
- Dargues ready to start (needs $70M capital to produce 50koz gold pa at <$700/oz; at current gold price of AUD$1340/oz this produces $32M free cash flow pa) (5 year current reserves to be sure, but lots of nearby very good grades and lots of potential to signify extend mine life)
- Cash in bank (>$10-15M ???)
- Henty processing available if nearby reserves can be identified.

So, ask yourself if this company is worth more than $11M now.
IMO Yes!
DYOR

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i think the share price should be 2c at least

UML Price at posting: 1.0¢ Sentiment: None Disclosure: Unspecified
2 Upvote

0 Great analysis

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