Looking back over the Kempfield silver project presentation dated march 2013, They never quiet got to the feasibility stage by the looks of it, the price crashed in the interim.
Their plan going off their modelling was
9,9 million oz silver over 5 year LOM
cash cost $16.6/oz ...not sure whether that was US$ or AUD $ ?
AT $30/oz EBITDA projected at $124million
AT $33/oz EBITDA -$153million ...again not sure whether that is US or AUD $ (you would assume AUD being an Australian presentation and not specifying US$, at the time AUD$ was trading close to parity with US$)
Capex- $67 million
Interesting , because they have done a lot of drilling sense then at Kempfield, which you would imagine would have improved their position.
If the silver price does go up to say $50 US which some are predicting due to supply shortage and global uncertainty over the next few years I think ARD would be worth a hell of a lot more then its current $7.8 MC
ARD Price at posting:
2.9¢ Sentiment: Buy Disclosure: Held
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