The best part of the announcement is the reduced AISC AND increased production from initial forecasts.
Very good management here and with strategic investment in small explorers there's hopefully a lot of future upside as drill and exploration results come through. With $99m at bank and outstanding profit levels the capex will easily be met and I'd think that SBM might look to increase exploration activities to shore up reserves at its own tenements and in partnership with other explorers.
Good future.
News: SBM St Barbara says consolidated gold production for March quarter 95,346 ounces, page-3
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Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $233.2M | |||
| Open | High | Low | Value | Volume |
| 35.5¢ | 35.5¢ | 34.3¢ | $1.551M | 4.447M |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 124478 | 34.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 35.0¢ | 272870 | 12 |
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| Last trade - 16.10pm 25/11/2024 (20 minute delay) ? |
| SBM (ASX) Chart |
