Reading posters on other threads
I can't believe what they are thinking
1. They believe all SBM production is hedged at $1390
Fact. Less than half production is hedged
Fact. Hedge finishes in November
They believe Simberi operates at $2000 C1 costs
Fact. during the december quarter the mining was shut down
Due to upgrading the plant to 3.2 mtpa plant
Fact. In 2011 Simberi was producing around 80k oz at less
than $700 an oz production costs and upgrading the plant was expected to produce more than 100k oz
They believe SBM is operating at a loss
Fact. In the December quarter capex on Simberi and gold ridge
Was $9 million
Fact POG for the quarter was $1390 this quarter looks like $1450
Fact. Loan payments for red kite loan are paid biannually
Meaning no loan repayment this quater
Fact. With the mine upgrade at Simberi and work done at Gold Ridge
Production ahold be over 100k oz
Operation update is March 31 st
If posters on HC believe this this misimformation then I imagine
Most others believe it as well
This can only really come out in the next quarterly
If POG continues SP should rocket
Imoo
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- sp is low because of a lot of misinformation
sp is low because of a lot of misinformation
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Price($) | Vol. | No. |
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