BTR 2025

Happy New Year fellow investors and future investors,

It's the start of 2025 and what a year 2024 was!
I wanted to consider a discussion for the year ahead.
Reviewing the Sept 2024 Investor Presentation again - a number of things stand out for me, namely the 2025 1H production of 100koz pa rate.

Achieving that might result in revenue in this capacity:

Scenario 1: Lower Gold Price (A$2,500/oz):

• Revenue = 100,000 oz × A$2,500/oz = A$250 million.

Scenario 2: Higher Gold Price (A$3,000/oz):

• Revenue = 100,000 oz × A$3,000/oz = A$300 million.

Could we be making money? Some 'back-of-the envelope' analysis to promote discussion (please DYOR):

Revenue A$187.5 million (assuming 75,000 ounces of production at an average price of A$2,500/oz)

• AISC:(All-in Sustaining Cost)

  • Estimated at A$1,800–A$2,000/oz, based on scoping studies.
  • Total production cost for 75,000 ounces:
    • At AISC of A$1,800/oz: A$135 million.
    • At AISC of A$2,000/oz: A$150 million.

• Gross Profit (Revenue - AISC):

  • At AISC A$1,800/oz: A$52.5 million.
  • At AISC A$2,000/oz: A$37.5 million.
  Additional Cost:
• Exploration & Development Costs: Brightstar plans aggressive drilling programs and feasibility studies. Estimate: A$10–15 million.
• Corporate Overheads: Administration, salaries, and other expenses. Estimate: A$5–10 million.
• Financing Costs: Potential interest on debt or other financial obligations. Estimate: A$2–5 million.

Net Profit Estimate:

At AISC A$1,800/oz:

• Gross Profit: A$52.5 million.
• Net Profit: A$22.5–37.5 million.

At AISC A$2,000/oz:

• Gross Profit: A$37.5 million.
• Net Profit: A$7.5–22.5 million.
  

Recent $30M capital raise.

I am merely an investor and mainly in the developmental mining sector. I encourage other investors and potential investors to discuss:

• What we think / hope / hope-not the company may focus on immediately,
• This (above) revenue analysis puts the existing market capitalisation value into perspective..
• What may happen to the shareprice over the next 6-12 months
• SP consolidation - ideas..

Let's all continue to add our ideas and discuss,
(Please DYOR, the above numbers are just for a discussion)