So a $545M market price concerns some...
The company states their aim is to be the "Highest Margin Gold Business Globally". This position is current held by the Fosterville mine just up the road. Similar style of UG operation that will be needed most likely.
Fosterville CASH COST (ie. AISC++) for 2023 was $488 coz and 2024 is expected to be $698 poz.
So the current SXG est is 1-1.6Moz AuEq.
take a 1.4Moz resource and (assume a $700 Cash Cost and a $3500 pog) the after CASH COST result is $3.9B
most likely that is the reason for the current market valuation. Increasing the Resource will only increase this number
So a $545M market price concerns some...The company states their...
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Last
$2.32 |
Change
0.110(4.98%) |
Mkt cap ! $453.9M | |||
| Open | High | Low | Value | Volume |
| $2.21 | $2.41 | $2.17 | $573.6K | 248.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 724 | $2.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.39 | 1500 | 1 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| SXG (ASX) Chart |