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15.5¢ kaiser reef limited

Ann: Material Gold Acquisition, page-70

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02/10/20

13:19

Post #: 47808921
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Originally posted by jreckard: ↑

So let me get this right;

1. 25K oz pa of historical gold production from A1;
2. Still producing while in admin at A$2,600 per oz gold prices;
3. A fully permitted mill in a region where no new licenses are being given for mills;
4. Assume KAU ramps production back up to historical run rate of 25K oz pa;
5. Based on historical operating costs AISC of A$1,600 is realistic;
6. That's A$1,000 per oz in free cash flow X 25K oz = A$25M pa in EBITDA
7. ASX average PE ratio is 12 X Earnings so should be $300M market cap on A1 alone;
8. Then there's the Union Hill mine;
10. The mine has been drilled and mined but is now on care and maintenance;
11. No maiden resource has been defined at Union Hill;
12. It sits 30 km along strike from Fosterville, which is the largest producing gold mine in Victoria;
13. Fosterville is owned by Kirkland Lake Gold (TSX: "KL"), which is valued at C$19B;
14. Mineral Reserves at Fosterville in December 31, 2018, increased by a million ounces to 2.7 million ounces (2.7 million tonnes) at an average grade of 31.0 g/t, including a Mineral Reserve in the Swan Zone totalling 2.3 million ounces (1.47 million tonnes) at an average grade of 49.6 g/t (https://www.kl.gold/our-business/australia/fosterville-mine/default.aspx)
15. The potential for early exploration success at Union Hill is significant. A couple of deep holes could: (1) help define a maiden resource; and (2) show another Fosterville style deposit. If this happens, in conjunction with a profitable small scale, high grade operating mine at A1, then this is a A$500M + Company all day every day.

Unless I'm missing something this is going to be hottest stock of 2021 IMHO.

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you forgot these:

- 115mil soi still quiet low so if the top 20 is sticky, free float could be low if thats the case.
- we should get to participate in the cap raising at 30c

KAU Price at posting: 41.0¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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Last 15.5¢		Change 0.000(0.00%)		Mkt cap ! $31.68M

Open	High	Low	Value	Volume
16.0¢	16.0¢	15.0¢	$36.42K	232.7K

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No.	Vol.	Price($)
1	24576	15.5¢

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Price($)	Vol.	No.
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No.	Vol.	Price($)
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0.165	43000	1
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Ann: Material Gold Acquisition, page-70

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Ann: Material Gold Acquisition, page-70

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