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3.13%

3.1¢ savannah goldfields limited

Generally I agree with your sentiments.They have stated costs of...

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KTM1

589 Posts.

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09/11/23

10:59

Post #: 70804219
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Originally posted by Maverick1975: ↑

The Company states a plant capacity of 180,000 tpa at 100% capacity.
Of course it has never come anywhere near that and in the last 12 months has only processed 150kt. I don't give this management team any chance of exceeding that - even if its a dry summer this year, unike last year.
So:
150,000t at the 3g/t = about 14.5koz
= ~3.6koz / qtr
assume 90% recovery
= 3265oz/qtr production
= $9.8m revenue at A$3000/oz gold price
Staged cost target is A$2000/oz
= $7.2m opex
= $2.6m margin
annualised = $10m
vs an EV of $40m
= 4x casflow multiple

No bargain for such a unreliable operation, a Company with such a screwed up cap structure, perilous current financial condition and a management team that has not met any sort of target EVER.

Just my opinion

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Generally I agree with your sentiments.
They have stated costs of $190/T regardless of grade ... so ASIC will very wildly 1.5g/t = $4000.
They have demonstrated 43,000 T/qtr = 172,000 Tpa

They have stated 120,000 high grade ore to be mined.

I agree 3g/t 3-4 mil per Qtr
Can they mine "high" 5g/t the numbers jump quickly.

Only time will tell and all the points you make I understand.

16 x 5c = 80c/ share .. probably not ...

Last edited by KTM1: 09/11/23

SVG Price at posting: 5.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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