Produce about 60,000oz pa x $1000 margin with gold trading...

Produce about 60,000oz pa x $1000 margin with gold trading around here. Using Petra note numbers.
Part debt part equity funding. That breakup will get announced when the times right i guess. People need to remember that the last placement was via funds and we didn't get a look in. I would imagine that would be the case on the final funding.
Lets blow the capital out to 220m shares to play it safe and be fully funded.
Start up within 6 months of green light. The green light is expected by years end looking at the time timetables.
EBITDA of $60m pa at stage 1 only at approx $2400 - $2500 gold price.
Allow for the repayment of debt over 2-3 years imo because this should spit cash with this grade and low capex.
Cash flow super strong and drilling continues for as long as you can see.
Stage 2 could come online when they reach the resource number they want and that would be funded out of cash flow. Not a lot since they would plan the addition of the second plant from day one and already own it. That's what we get with good management.
I see $1.50 on pouring the first gold and at least twice that once stage 2 is up and running. This is when it becomes obvious that BC8 has real mine life lined up. They have over 1.1m ounces now and i suspect a modest reserve to kick off. You drill and add reserves as you go. SLR does that.
High grade additional discover or feed ore can improve these numbers. This would definitely be the case at depth.
Its a 3 bagger at stage 1 and a six bagger at stage 2 form these levels.
These are rough numbers but there is enough info out there to provide a reasonable stab. This is an estimate only and the numbers can move depending on the gold price and dollar. If we were to be super conservative, you can still see the stock is worth twice what is trading at on a bad day.
My guess work only. dyor