SBM said in its quarterly report "We anticipate mining of another higher-grade zone of Sorowar in June and provided that we achieve our planned mine face positions we anticipate production above 20,000 ounces for Q4"
So assuming Gold Production in Q4 is 20,000oz and Total Cost is expected to be 55,000,000 (Q3 was 53,048,018), then the AISC for Q4 is 2,750 and the full year AISC is 3,394 (the top end of the guidance range).
Today is the last day of April, one-third of this quarter is about to pass, and the gold price remains above AUD3500 on average. Considering the price of gold, SBM's market cap, and SBM's cash holdings, I still think there's plenty of upside for SBM's stock price if SBM can meet their updated guidance (which is achievable).
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Last
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Mkt cap ! $204.4M |
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7 | 196674 | 0.240 |
8 | 548225 | 0.235 |
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10 | 678387 | 0.225 |
Price($) | Vol. | No. |
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0.255 | 422413 | 9 |
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