The Coyote leases and assets are extremely valuable. It’s in the top 10% of gold mines for grade in Australia. The exploration potential is very high. That mine was not right from day one. It needs bc8 management and an upgraded mill. It now has both ready for the future. It will get developed down the track and is capable of producing 50koz pa at sub A$1700 per ounce. That’s one of the lowest cost bases in Oz with years of mine life. None of the Cats peers are in the room for costs. Coyote is not in the current share price. I could argue that Lakewood is the only thing in the share price at the moment based on its forward earnings. We get everything else for free at this valuation. Dyor
BC8 Price at posting:
99.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)