The cash flow from Kal should really hit around the 2nd qrt of...

The cash flow from Kal should really hit around the 2nd qrt of next year given the toll treatment pays out the contractor's cost first. This will depend on the price of gold. Given it has risen to over $3600 and the studies were done at $2500, the payback period should be reasonably quick. At around that time, Myhree will be dumping cash into their account. Paulsens will be well underway so BC8 should be a cash cow before then anyway. I see BC8 as a growth company from December onward. They are doing the updated studies on Coyote at the moment. This will allow them to plan for that restart. Once they reach all mines restart and produce 150k plus pa, then the price target should be around $2 per share. The recent DRE deal also means that even more cash flow should hit sometime next year on top.
The management has stated that Myhree is for 52k ounces over 18 months. That reads that this toll treatment deal with Paddington may remain open. If it isnt broken, dont fix it. BC8 might just do their own thing and deliver the gold directly to Paddington themselves after the 52k ounces. That is possible. That would provide all the cash needed to turn on Coyote and drive production well over 150k pa.
They have a 100k possible production target for next year. That was pre the Dreadnought deal. That 100k target looks easier now. That 30k ounce target from DRE is an open resource. They could find up to 80k ounces. They have ongoing targets to drill there. DRE and BC8 would keep that going for obvious reasons. DYOR