Share
1,592 Posts.
lightbulb Created with Sketch. 319
clock Created with Sketch. 18/03/25
14:38
Share
Originally posted by dolcevita:
↑
"Leveraging off the sunk capital in the Challenger mill in the first instance to achieve a rerating of its market cap and credit status will be Barton’s first step ahead of the main event – the development of the planned 130,000oz a year Tunkillia project, 200km from Challenger, as a standalone project.But it doesn’t need to be big in volume terms to generate lots of free cashflow thanks to the spectacular rise in the Aussie gold price to more than $4600/oz. That compares with gold’s CY2024 average of $3620/oz and the CY2023 average of $2940/oz.producer status by returning Challenger to production will kick off the equity and credit rerating which Barton can then leverage off to give the development of Tunkillia some real momentum, not that the gold price surge hasn’t done that already. .Barton has flagged it will deliver an optimised scoping study in to Tunkillia’s development before June 30 and that it will have much improved economics. Mind you, the earlier study work suggested robust economics anyway on a $3000/oz Aussie gold price assumption." Thanks Barry. Horse. Water. Drink.
Expand
It is very promising that stage 1 now has a time line for commencement .... 2026. I seem to recall Alex saying that the refurbishment cost for the Challenger Mill would be circa $12m ( that was maybe 15 months ago)
(20min delay)