Share
35,472 Posts.
lightbulb Created with Sketch. 2863
clock Created with Sketch.
10/05/15
15:23
Share
Originally posted by steven1459
↑
Today I took a bite at UML.....Lets do some assessments...
Henty produced 10414oz at $886oz for jan and feb.... they assuming same for march....
(Cash costs (including royalties) over the same period are estimated at $886/oz, compared with an average realised gold price of $1576/oz.)
so 15000oz say at $970oz ASIC instead of $886oz and average realised POG of $1520oz = $550 margin
15000oz X $550 = 8.25mil for the quarter
they had 12.3mil odd cash in hand + 8.25mil for quarter = approx 20.5mil cash on hand
20.5mil + 9.5mil enviro bonds = 30mil in cash
So we have market capital 9 mil with approx 30mil in cash.... all other assets free
extend mine life, we may see this sailing to 5c in no time...
Seems like a safe bet....DYOR
Expand
Steven, find me another!
your + $8.5m cash was short $2m!!
next quarter, $6m minimum, maybe $8m with their ASIC costs below $700.
what a bargain she was at .008c. Not many that good. hard to find.
Hope you're still on board.
Last edited by
Sector :
10/05/15