Ann: Quarterly Cashflow Report, page-6

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stag11

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02/05/19

09:24

Post #: 38367306
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Originally posted by DrillDown2014: ↑

STAG11 - correct they have planned to spend the 2.7m - just realised the original post was estimated cash flows for next QTR so they will only have half mil on hand so cash raise is likely prior to resource announcement

I did some rough figures some months back and allowed for another $30 mil of capital raises at $0.30 per share

I am hoping a resource upgrade to 2.5m Ozs and with the above dilution and a per Oz value of $50 I work out a SP of $0.51.

Also if they can get into production after the $30mil in spend I put an SP of $0.68 based on EPS - again very simplistic and doesn't include likely debt repayments or further dilution for CAPEX requirements to commence production activities - I am unclear how they will transition from exploration to production and would expect a TO is likely if the resource is proved up

These were rough figures and I'm sure it won't play out that simply but allows me to weather the ups and downs having an expected SP to target

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Thanks for posting those for my benefit..very kind of you..
As a new potential investor on your figures I'm a bit reserved about jumping in. If the jorc resource is a little smaller or the capital raise or raisings are more then those figures get a bit mushy.
I'll wait and see a bit longer, even if I risk missing the boat. Still with another cr due the sp might get hammered a bit yet.
cheers

BRB Price at posting: 32.5¢ Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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