If BC8 hit their longer term production target, then these study...

If BC8 hit their longer term production target, then these study numbers are massively understated again. They could potentially improve by another 50%. No wonder management have stated that these assets will be 'cash cows'.
The study shows a drop of approx $5m in up front costs. That can go into drilling, and prepping for Coyote, or paying off the debt quicker. Its another buffer.

They mention a 4 year average forward sales price of $3350/oz. That is $300 higher than the current spot price. In other words, BC8 could forward sell some production and lock in a much higher gold price for some of their production if they wanted. Who knows if they will do that, time will tell. If they decided to forward sell one years production at that rate, that is the equivalent of paying off their entire debt with the extra cash flow.
There is a $16m sensitivity to the bottom line with every $100 move in spot.


BC8 clearly have north of 4.2 years mine life already with the GVeins etc. Exploration success could drive mine life higher and throughput. Strap on Coyote and i can see bc8 at $1 plus on earnings imo.

Black Cat’s Managing Director, Gareth Solly, commented:
“In only 4 months, the November Study has achieved our key objectives for Paulsens: increased production; improved
recovery; reduced upfront capital cost; and stronger cashflow.
With all approvals and a $60M funding package in place, focus for Paulsens now moves to the Internal Operating Plan, which
will incorporate the many high-grade veins sitting unmined within existing development but outside the current Resource.
Further upside is expected from our current surface drill program at Apollo and the Eastern Zone, which are both accessible
from the Paulsens underground mine. These opportunities are all expected to contribute towards achieving our Long-Term
Incentive Target of producing 60,000-70,000oz per year from Paulsens.
Regionally, we will continue exploration drilling to build our significant Resources as we progress our vision of being the
dominant player in three prolific gold districts - Paulsens in the Pilbara, the Coyote Gold Operation in the Western Tanami,
and the Kal East Project, east of Kalgoorlie. The November Study is major step forward in achieving that vision.”


PAULSENS RESTART IS READY TO GO
Established infrastructure, approvals and management team:


Resources Not Yet Considered in the Study: Resources not yet considered in the November Study amount to
2.8Mt @ 1.2g/t Au for 112koz.
- Ore Sorter Trials: Ore sorting is excluded from the November Study. However, trials demonstrate ~70% of waste
rock dilution can be removed from the processing schedule and an economic product can be generated from
stockpiles as low as 0.3g/t Au. Additional work is required before potentially incorporating ore sorting into the Internal
Operating Plan. In addition, following up multiple high-grade assays from the existing waste dump may further justify
using an ore sorter.
- Strategic Opportunities: may arise from ownership of the only gold processing facility within a 400km radius
(Figure 8).
- Long-Term Incentive Target: Management will also be focusing on achieving the Long-Term Incentive production
target for Paulsens of 60,000-70,000oz4
.

Regional Exploration Success: Regionally there has been limited drilling outside of the Paulsens underground
mine. Typically, major deposits are not formed in isolation, as is shown by the smaller, but poorly tested deposits
within the project area. Key target areas include (Figure 7): Big Sarah which has never been drilled and pre-WWII
produced 220oz @ 52.6g/t Au; the 2.5km long Paulsens Eastern Zone which is a mineralised structure ~350m north
of the Paulsens decline; Paulsens Repeat being a potential Lower **bro offset by the same mineralised fault
hosting Paulsens; and the high-grade, multi-element Mt Clement is a gold deposit which has with limited drilling
outside of the immediate surface mineralisation. The regional Exploration Target6
is estimated at 1-2Moz @ 5-10g/t Au and is excluded from the November Study.

Anyone finds something in this area might visit BC8 for toll treatment at some stage or BC8 might buy them. Coyote is the same situation. Smaller miners trying to build stand alone production facilities will find life extremely hard and costly.