STTCOMP BLK FA Long SP: 4.6c MC: $58m Cash: $25m Debt: $46m EV:...

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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