A quick NPV(8) model of 100koz for 10 years at A$1000 margin and A$250M capex is ~ A$400M.
While that might show that it is 'feasible', I agree with Joel's assessment that it isn't financeable in this market. When I look at something like Ausgold though with A$100M market cap (and project metrics not too far off the above), Saturn does seem undervalued. I think there is a big knowledge gap of heap leach economics on the ASX. Most investors looking at grade and saying it is too low.
The other option might be a staged approach to keep early capex down. Some of the shallower parts of the deposit have good grades. Heap leach lends itself to staged approach pretty well, especially when early grades and cashflow are good.
- Forums
- ASX - By Stock
- Ann: Apollo Hill Gold Resource Upgraded to 1.84Moz
A quick NPV(8) model of 100koz for 10 years at A$1000 margin and...
-
- There are more pages in this discussion • 17 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 STN (ASX) to my watchlist
|
|||||
Last
19.0¢ |
Change
-0.005(2.56%) |
Mkt cap ! $53.13M |
Open | High | Low | Value | Volume |
19.0¢ | 19.0¢ | 18.5¢ | $29.1K | 155.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 88037 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
19.0¢ | 35970 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 88037 | 0.185 |
1 | 168850 | 0.180 |
1 | 25000 | 0.175 |
1 | 50000 | 0.170 |
4 | 103000 | 0.165 |
Price($) | Vol. | No. |
---|---|---|
0.190 | 35970 | 1 |
0.195 | 54146 | 2 |
0.205 | 14750 | 1 |
0.210 | 13000 | 1 |
0.220 | 17113 | 1 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
STN (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online