A little (me) number review of this today's announcement:
Fish has ~47-49,000oz and with a mine life of CY25 and Q1_CY26, at $5,000AUD/oz, there may be potential revenue of $245m AUD, or $16-20m/month to be adjusted by the OPA with Genesis - nevertheless excellent and useful cash flow in the short term.
Speculating on the high grade intercept of 2.9m at 8.2g/tonne 200m below current mine, this is a strong indicator the ore body continues at depth and I support managements decision to continue further drilling to investigate.
Conservatively (pure speculation my me - please note) suppose this intercept is in the centre of 50m strike length, 30m dip extent, true width 2.5m at 6g/tone perhaps there's another 8,000oz, or a potential 20% increase in Fish. More optimistically, 200m strike length, 100m dip extend, true width 3m at 7.5g/t potentially another 40,000oz on top of the 49,000oz resource base. Overall potentially a 20-95% increase in the mine.
Some speculative numbers here, but Fish to me is a strategically well placed revenue source in the short term and this intercept is worth further exploration.
BTR Price at posting:
56.5¢ Sentiment: Buy Disclosure: Held
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