BC8

3.39%

30.5¢ black cat syndicate limited

Ann: RIU Explorers Conference Presentation, page-6

First 6 Last

Share
Profile

Follow
chookychaz

291 Posts.

10

21/02/20

13:32

Post #: 43071759
Share

Originally posted by copperroad: ↑

Things to consider.
The company has stated that they are doing their numbers on $1800 gold and that the project would be economic at that price. The current gold price is A$2450 equivalent. That tells us that the $650 difference is cream on the cake. There is also other profit as its economic sub $1800. This looks like it could make at least a $1000 per ounce. If They produce 30,000 oz pa, that roughly shows us a gross profit of $30m pa or about the current market cap. They are really simply numbers and i am sure they will move about with other input costs.
There is obviously enormous exploration upside across 34 more targets and open current resources. They have just identified plenty of new ones on the new leases. I doubt we could find better exploration ground like this anywhere. Its a proven area.
They currently have a tested recovery rate of 97%. Discount these numbers all you like, the company is very cheap with a 3.4g/t gold grade.
If we take only the current resource of 255,000oz and only recover 200,000 of those ounces, that would provide over 6 years of high grade mine live with these sorts of annual numbers. That is just on what they have announced.
I don't think its a stretch to see this resource doubling over time and then do your numbers. They have surrounding plants so a quick option might be to toll treat. This grade is King. This shows us why smaller higher grade, well located resources like this is so valuable. The resource will be higher than this already as more drilling and assays may not have been added as yet.
Spectrum is another obvious example. It was a high grade discovery without a plant but RMS was close by. They just took it out for feed stock. The cats just look the same to me and that is why i like this model.
The cats also still have approx $5m in cash, so the FES and more resource can be added quickly. dyor.

Expand

It seems Resources Roadhouse out today are impressed with Bc8 in their summary of RIU conference this week "Black cat syndicate rely more on strategy than luck"

BC8 Price at posting: 38.0¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

Reply

Top Stories

RCE

Recce's R327 found effective against E.coli during clinical trial

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

CMX

ChemX Materials kicks off first stage works at WA high purity alumina pilot

AVA

Ava Risk Group expands US presence with A$0.7M Substation Deal

SVL

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Microcap Wrap: 5 explorers with news out today

LRV

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

LU7

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

There are more pages in this discussion • 55 more messages in this thread...

First 6 Last

Add BC8 (ASX) to my watchlist

(20min delay)
Last 30.5¢		Change 0.010(3.39%)		Mkt cap ! $115.2M

Open	High	Low	Value	Volume
30.0¢	32.0¢	30.0¢	$289.1K	934.1K

Buyers (Bids)

No.	Vol.	Price($)
4	44359	30.5¢

Sellers (Offers)

Price($)	Vol.	No.
31.0¢	1	1

View Market Depth

No.	Vol.	Price($)
3	42709	0.305
8	141226	0.300
4	72795	0.295
3	20800	0.290
3	230526	0.285

Price($)	Vol.	No.
0.315	50000	1
0.320	31010	1
0.325	20000	1
0.330	80047	3
0.340	4735	1

Last trade - 16.10pm 28/06/2024 (20 minute delay)

BC8 (ASX) Chart

Ann: RIU Explorers Conference Presentation, page-6

Recce's R327 found effective against E.coli during clinical trial

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Ava Risk Group expands US presence with A$0.7M Substation Deal

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Microcap Wrap: 5 explorers with news out today

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Ann: RIU Explorers Conference Presentation, page-6

Top Stories

Recce's R327 found effective against E.coli during clinical trial

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

ChemX Materials kicks off first stage works at WA high purity alumina pilot

Ava Risk Group expands US presence with A$0.7M Substation Deal

Silver Mines models five new calderas close to 396Moz Bowdens deposit

Wealth Within weighs in on shock 4% inflation read – and stocks that could survive the gloom

Week 26 Wrap: Cerberus of inflation barks – rents, electricity & fuel – and world watches two elders bicker

Microcap Wrap: 5 explorers with news out today

Larvotto identifies new exploration target at NSW's Hillgrove, boosting shares by nearly 20%

Lithium Universe (ASX:LU7) board visits Quebec to engage key stakeholders

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News