STTCOMP BLK FA LONG
As at today, BLK, is valued at A$18/oz for 6.5Moz JORC gold resource.
BLK: Cash and bullion of $31.4 million and secured debt of $43.8 million at 28 Feb 2018, net debt A$12.4m, reduced by $8.2m from the operating cash flow over last two months.
Recent production performance:
All in sustaining costs (AISC) reduced to
A$912/oz in Feb 18, a 21% decrease on Jan’18 (A$1,158/oz)
New record monthly gold production in Feb 18 of
6,713oz (Jan’18: 6,498oz)
Stage 1: Free Milling Mine:
- Initial 3.5 years free milling mine to mine 250,000oz at AISC A$1,100 - A$1,200/oz, started January 2018.
- Free milling resource: 22.8Mt @1.76g/t, 1.3Moz to support future expansion
Stage 2: Medium Term Growth:
- Initial 9 year mine plan for 1.5Moz production (Most of DFS costs already spent)
- Capex: A$114m
- Annual production 207koz at AISC A$1,058/oz for first six years
- NPV8%: A$360m ; IRR 123%
- 6.5Moz JORC gold resource support expand of mine life
Resource Growth Potential:
- Large land holding of +1,100km2
- 55km of strike
Total 1.08b shares were changed hands over last two days at average price of 7.7c
Volume & Avereage for Yesterday and today:
8 March: 637m shares @7.05c
9 March: 443m shares @8.66c
Total:
1,080m shares @
7.7c
Monthly chart:
(20min delay)