BC8 is trading at 1/3rd the average Goldie and that they have several plants and camps. It seems ridiculous. I'm sure the wake up will come.
Recommendation: BUY
1 Price Target: $0.73
EVENT
Black Cat has announced that drilling at Paulsens has encountered visible gold in the **bro Veins. First production potentially next year.
HIGHLIGHTS
- Black Cat commenced its exploration program at Paulsens in early November and has completed the first six diamond drillholes in to the **bro Veins.
- Visible gold was intersected in three of the drillholes, hosted in thick quartz veins.
- The **bro Veins are in the footwall of the Paulsens decline and are readily accessible for a potential mining restart.
- We like Black Cat because;
- It is a cheap stock in a cheap sector - trading at an EV/oz multiple of just $24/oz – which compares to its WA peer group at $72/oz, and recent acquisitions above $100/oz.
- It has a clear pathway to production of over 150kozpa of gold with first production potentially as early as next year.
- Black Cat has embarked on a comprehensive exploration program around both Coyote and Paulsens. Exploration success at either will be game changing for the company. These were assets that were non-core for Northern Star and so despite the obvious prospectivity, have been very lightly explored.
BC8 TA, page-3
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Last
32.0¢ |
Change
-0.010(3.03%) |
Mkt cap ! $98.73M |
Open | High | Low | Value | Volume |
32.0¢ | 32.0¢ | 31.0¢ | $207.4K | 658.3K |
Buyers (Bids)
No. | Vol. | Price($) |
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2 | 144589 | 31.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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32.0¢ | 22199 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 144589 | 0.310 |
5 | 117105 | 0.305 |
11 | 221348 | 0.300 |
3 | 156800 | 0.295 |
4 | 192665 | 0.290 |
Price($) | Vol. | No. |
---|---|---|
0.320 | 22199 | 1 |
0.325 | 120000 | 3 |
0.330 | 73954 | 4 |
0.340 | 167288 | 5 |
0.350 | 128524 | 6 |
Last trade - 16.10pm 23/05/2024 (20 minute delay) ? |
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Last
31.5¢ |
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Change
-0.010 ( 3.08 %) |
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Open | High | Low | Volume | ||
32.0¢ | 32.0¢ | 31.0¢ | 241192 | ||
Last updated 15.59pm 23/05/2024 ? |
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