BC8 0.00% 34.5¢ black cat syndicate limited

BC8 TA, page-3

  1. 11,955 Posts.
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    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.



 
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Last
34.5¢
Change
0.000(0.00%)
Mkt cap ! $106.4M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
1 2000 36.0¢
 

Sellers (Offers)

Price($) Vol. No.
30.0¢ 18200 1
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Last trade - 16.12pm 31/05/2024 (20 minute delay) ?
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