Just thought I would drop a quick note on another AIM listed gold company to highlight their huge Capex costs compared to BMV / SAU
Company is Ortac Resources & they hold 2 Gold licences.
Absolutely amazing of how high their Capex is on the Sturec deposit, $123m for a $145m NPV value & they have a 100% wi
Even their Casa Mining Ltd 45% wi has a $87m Capex with a $171m Npv value equals a NPV for them of just $77m ($39m Capex cost for them)
Assuming thery farmed out 50% of the Sturec Deposit, they will still need to raise approx $100m Capex to cover both these 2 licences ( $61.5M + $39m)
Although their Copper mine with Zamsort at 19.35% wi is worth something at 17Mt @ 0.94% Cu works out at roughly £80m NPV or 54p Npv/share (they have a capex of $2500 p/t)
What's SAU/BMV Capex $10m to place 1 MoZ Au plus into production in stage development - even if we required another $5m for anything unexpected - $15m is tiny compared to the Gold explorers.
http://www.ortacresources.com/Ortac Factsheet.pdf
- Forums
- ASX - By Stock
- Capex Required comparison with BMV/SAU
Just thought I would drop a quick note on another AIM listed...
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ION (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.89M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $1.36K | 170K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 402859 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 337063 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 402859 | 0.008 |
3 | 370913 | 0.007 |
3 | 346334 | 0.006 |
2 | 390000 | 0.005 |
2 | 750000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 222063 | 2 |
0.010 | 733100 | 2 |
0.011 | 269000 | 2 |
0.012 | 707583 | 1 |
0.013 | 318927 | 1 |
Last trade - 10.04am 03/05/2024 (20 minute delay) ? |
Featured News
ION (ASX) Chart |