Short Term Trading Week Starting: 19 Feb, page-294

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Green Bull

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23/02/18

11:41

Post #: 31285855
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Originally posted by Green Bull ↑

Hi All,

Been a while.

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.

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Hi All,

Bit of a follow up on BLK which is churning some volume this week and hopefully taking off shortly.

I've done a comparison between BLK & MOY which shows how cheap BLK is and what it's first target is (MOY's valuation) and then beyond that.

Both are currently producing similar amounts of Gold and have similar operating costs.

Other points to note in the comparison are:

- MOY valued at more than double of BLK.

- BLK has a resource 5 times as big as MOY.

- BLK target production is twice as big as MOY.

- MOY valued at $250m a year ago.

Should be a good one and the Turnaround Story of 2018 - please DYOR.

Cheers,

GB.
7 Upvote

0 Great analysis

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