Now we can start to see How good this is.
This is a Transformational acquisition.
Peer comparison - Average EV/Resource oz = $181
• 2Moz @ $181 = $365M
• 3Moz @ $181 = $543M
220m shares on issue means that BC8 is worth a multiple of this price. Out of the 13 peer group miners, 11 of them do not have mills or accommodation. Some have lower grade, smaller deposits, no mills or camps, yet they trade way above the BC8 valuation.
Minimal Reliance on Shareholder Funding.
Sequential start ups with incremental capital requirements
• Internal cashflows to drive growth.
Unmodelled Drilling Intersections.
On both deposits.
All very high grade. This means these holes are not included in the current resource. This means the resource is already larger than the headline number.
Paulsen repeats/ 3D Seismic Target.
You guys will notice the 3 red boxes on the diagram. NST spent $2m to find these. Each one has the potential to be a repeat of the original Paulsen resource. That was some 1m ounces at 7g/t. If that comes in via the upcoming drill program, then BC8 is worth a multiple of its current market cap on that alone imo.
Currently undertaking tender to mine and toll treat
fully approved Myhree open pit: • Potential cashflow in 2023
Investment Summary
• Five year vision to become a multi-operation gold mining
business following the acquisition of Coyote and Paulsens
• Highly attractive valuation based on current 2Moz Resource
base with immediate Resource expansion potential
• Deep pipeline of exploration opportunities close to processing
infrastructure for a team with a track record of exploration
success
• Drilling across multiple project areas in the coming months
• Combined portfolio delivers the ability to sequentially start
operations in a lower risk and lower capital manner
• Potential to be producing cashflow from 2023
• Increased scale and optionality of the expanded asset base
provides a pathway to be an Australian multi-operation producer
• Board and Management team with a proven history of building
successful gold companies
- Forums
- ASX - By Stock
- Ann: Presentation - Coyote and Paulsen Gold Project Acquisition
Now we can start to see How good this is.This is a...
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Last
30.5¢ |
Change
0.005(1.67%) |
Mkt cap ! $94.10M |
Open | High | Low | Value | Volume |
30.5¢ | 31.0¢ | 29.5¢ | $247.7K | 822.2K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 93975 | 30.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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31.0¢ | 8016 | 1 |
View Market Depth
No. | Vol. | Price($) |
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3 | 22778 | 0.315 |
2 | 8967 | 0.310 |
4 | 99548 | 0.305 |
7 | 292300 | 0.300 |
8 | 466697 | 0.295 |
Price($) | Vol. | No. |
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0.315 | 27087 | 2 |
0.325 | 23399 | 2 |
0.330 | 8100 | 1 |
0.340 | 24735 | 2 |
0.345 | 150000 | 1 |
Last trade - 16.10pm 06/06/2024 (20 minute delay) ? |
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Last
30.5¢ |
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Change
0.005 ( 0.53 %) |
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Open | High | Low | Volume | ||
30.0¢ | 30.5¢ | 29.5¢ | 668348 | ||
Last updated 15.39pm 06/06/2024 ? |
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