X64 0.00% 57.0¢ ten sixty four limited

My own estimate for the March quarter is: Ore milled c. 170kt...

  1. 1,035 Posts.
    My own estimate for the March quarter is:

    Ore milled c. 170kt (higher capacity since L8 upgrade but loss of a few days in Jan)
    Head Grade c. 5.7g/t (slightly higher than Dec)
    Recovery c. 93-94%

    That computes to c. 28.5 - 29koz of production.

    Cash costs remaining at c. US$380/oz sold.
    So operational costs at c. US$11m.

    Average PoG over quarter = US$1,220/oz
    So Revenue at c. US$35.3m.

    Therefore OPCF at c. US$24.3m

    Then subtract investment outflows of:
    - Exploration at c. US$2.9m
    - Capital Works at c. US$3.1-3.5m (incl commencement of Service Shaft)
    - Development at c. US$9.6-10m
    - Corporate at c. US$1.7-2m
    So a total of c. US$17-19m.

    Therefore estimated Free Cash Flow of US$6-7m.
    and cash on hand of c. US$20m.

    AISC of c. US$977/sold oz.

    But just a personal opinion of course.
    CPDLC
 
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