Time for (another) quiet roughy.
161.5M shares and just A$0.2M cash, but at 4c and possible 50kpa heap leach operation looking more interesting at +US$1000/oz, could see a sustained trend change (see chart) as investors and hopefully financiers warm up to some of the lessor known projects.
Heavy discount for inactivity/waiting for approvals and higher prices, and also the Peru factor, maybe starting to change here.
Cut from last qtr report;
The financial modeling has been based on the following parameters:
• Heap leach operation
• Treatment rate of 3,000 tonnes per day (1.06 million tones per annum)
• Mine Life of 6 years
• Diluted head grade of 1.6 g/t gold and 7g/t silver
• Gold recoveries of 80%, silver recoveries of 40%
• Annual Production rate of 43,000 ozs gold and 92,000 ozs silver
• Waste to Ore ratio of 1:1
• Capex of $US30 million (includes a 25% contingency) and a company owned plant and mining fleet
• Based on this modeling and a gold price of $US625/oz the Paron project has
an IRR of 35% and will return an estimated EBITDA of around $US13.2
million ($A20 Million) on an annual basis for 6 years.
• Attached is a table showing the IRR and NPV of the project at various gold prices
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Time for (another) quiet roughy. 161.5M shares and just A$0.2M...
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Last
10.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $14.26M |
Open | High | Low | Value | Volume |
10.0¢ | 11.0¢ | 10.0¢ | $3.503K | 34.19K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 68203 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 9865 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 68203 | 0.100 |
1 | 20 | 0.097 |
1 | 10000 | 0.095 |
1 | 100000 | 0.092 |
1 | 1000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 9865 | 1 |
0.115 | 63956 | 2 |
0.120 | 116406 | 3 |
0.125 | 95000 | 1 |
0.130 | 38431 | 1 |
Last trade - 15.59pm 12/09/2024 (20 minute delay) ? |
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