I should have also pointed out that “Total mined ounces of...

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bdell

1,465 Posts.

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06/04/21

12:28

Post #: 52269697
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Originally posted by bdell ↑

PFS v DFS:

DFS DELIVERS 1.007 Moz ORE RESERVE TO UNDERPIN NEW LONG-LIFE, HIGH-MARGIN WA GOLD PROJECT up from 789koz – gain of 27.6% and provides for extension to LOM

LOM Plan will initially comprise of a 10-year mining operation up from 8 years – increase of 25% and contributes significantly to LOM pre-tax flow increase

Life-of-mine (LOM) pre-tax cash-flow of A$740M at a A$2,250/oz gold price up from A$551M at A$2,100/oz – a massive gain of 34.3%

Pre-tax NPV (6%) of A$479M and 41% IRR up from f A$332M and 32% IRR – significant IRR gain of 9%

LOM All-In Sustaining Costs (AISC) of A$1,188/oz down from A$1220 – gain of 2.6%

Total mined ounces of 1.15Moz and total recovered ounces of 1.10Moz shows recovered ounces up from 951koz - gain of 15.6%

Forecast average production of 136kozpa up from 135kozpa. While this is only a gain of 1koz it represents additional revenue of A$2.25m pa.

The completion and delivery of this comprehensive and high-quality DFS is a fantastic achievement

The strong DFS outcomes show that the Bardoc Gold Project is without question one of the best undeveloped gold projects in Australia

At an assumed base case gold price of A$2,250/oz, the Project will generate on average $113 million in free cash-flow per year

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I should have also pointed out that

“Total mined ounces of 1.15Moz and total recovered ounces of 1.10Moz”

Represents quite an incredible recovery rate.

Unfortunately, because it’s written in Engineerspeak most shareholders would not realize that the company is forecasting a recovery rate of 95.65% which is absolutely outstanding, especially when you consider that more than 60% of the ore being mined is refactory (sulphide) ore which is generally regarded as naturally resistant to recovery

BDC Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
12 Upvote

3 Great analysis

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