BC8 3.03% 32.0¢ black cat syndicate limited

BC8 TA, page-3

  1. 11,932 Posts.
    lightbulb Created with Sketch. 3100


    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;

    1. 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.

    2. It has a clear pathway to production of over 150kozpa of gold with first production potentially as early as next year.

    3. 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.



 
watchlist Created with Sketch. Add BC8 (ASX) to my watchlist
(20min delay)
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($)
2 144589 31.0¢
 

Sellers (Offers)

Price($) Vol. No.
32.0¢ 22199 1
View Market Depth
Last trade - 16.10pm 23/05/2024 (20 minute delay) ?
Last
31.5¢
  Change
-0.010 ( 3.08 %)
Open High Low Volume
32.0¢ 32.0¢ 31.0¢ 241192
Last updated 15.59pm 23/05/2024 ?
BC8 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.