SBM may continue to consolidate it's spectacular run, but fundamentals would suggest a much higher share price. At a gold price of Aus $1765, free cash flow before debt should be approaching $300 million allowing SBM to be net cash positive prior to Dec 31 2016. Interesting to compare SBM to the recent takeover of Lake Shore Gold (LSG) by Tahoe Resources. This deal valued LSG at $945 million (SBM market cap presently $841 million). Yet compared to LSG, SBM has 500% more gold reserves, 215% greater gold production, and AISC of US $200 to $250 less. On this basis SBM could easily reach $5 per share during 2016. Hopefully, global debt problems continue to drive up the price of gold and this for-cast is too conservative.
About to test new highs, page-25
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Last
32.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 33.0¢ | 33.0¢ | 32.3¢ | $261.8K | 803.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 111335 | 32.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 33.0¢ | 399568 | 23 |
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| Last trade - 12.40pm 04/12/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
