Insert that figure into the formula instead of A$3250.00 and the result would much, much better than what was reported on 4 April.
The 2024 Scoping Study2 , based on a gold price assumption of A$3,250, resulted in financially and technically robust cases for both low CAPEX toll treatment and higher CAPEX stand-alone processing development scenarios, with pre-tax overall cash flows of approximately $46M (Toll Treatment) and approximately $71M (Stand-Alone Processing) and pre-tax NPVs (at 7% discount rate) of approximately $38M (Toll Treatment) and approximately $42M (Stand-Alone Processing).
The Company’s strategy for Steam Engine is to achieve open-pit mining in the shortest timeframe by conducting a Feasibility Study and regulatory compliance processes for the grant of a mining lease in with parallel programs of Resource expansion drilling.
SPQ Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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