STTCOMP BLK FA Long
SP: 4.6c
MC: $58m
Cash: $25m
Debt: $46m
EV: $79m
Big volume yesterday.
Should be the Turnaround Story of 2018.
Gold producer.
Started producing in late 2016 and had high AISC due to a lot of stripping which was removed and now they’re mining the high grade gold and have AISC of $1,100-$1,200.
Broke a few (good) production records in January and made $3.3m profit for the month.
Have one of the bigger Gold deposits in Australia of:
- 6,500,000 ounces of Gold
Also have plenty of Nickel & Cobalt next to BHP Nickel, Xstrata & Norilsk Nickel:
- 80.5Mt at 0.77% Ni, 0.058% Co
- In-ground value of this resource alone is worth: $15B+.
- Resource extends over 19km & is 30m deep.
- Only limited drilling done
Gold and Nickel/Cobalt are on the same tenement/project with a centrally located Plant right in the middle making everything on the tenement within 20km of the plant.
Regal Funds Management became a Substantial Holder yesterday (they don’t go in for only 2-3 bags so big vote of confidence).
SP at lows in the 4c’s – was 83c a year ago and $1.18 a year before that – previous CR was for $35m at 68c!
Massive deposit already but probably just a much expansion potential – drilling about to commence.
More here: https://hotcopper.com.au/threads/gold-turnaround-story-of-2018.4032121/#post-31214152
Cheers,
GB.
nb. re-posted per suggestion from @ammie - thx.
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