Stop dreaming .. Over the next 8 months Several Debt Repayments...

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sircorp

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03/08/18

10:04

Post #: 34702958
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Originally posted by colinchi ↑

I dont think there is a need to wory about aisc

BDR have been very consistent at requiring
$50 million USD per quarter to operate.
So at $1250 they need 40k oz per quarter
2 quarters a year they havent managed 30k

Now with SJ and MACA gone
Costs will drop....how much
Is yet to be soon

The new contractor will be paid in arrears
So that should free up some of the cash required

I am making the case that BDR are a good risk
For the next 6 months.

1. As always the next 6 months production are the best
2. Ball crusher will be available this year.
3. Higher grades will be milled before ball crusher running.

What would be required for the future.

1. Full start up of the Sulfide plant.
2. Proven cost reduction
3. New Contractors proving that they are good miners
4. Wet season production well over 30k a quarter.
4. Consistent grades
5. A higher gold price
6. Hedging at $1350 and higher.

Cheers

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Stop dreaming
..
Over the next 8 months Several Debt Repayments are due plus Plant Upgrade is unfinished and they are still loosing more than 4 Million USD just on production.
..
Within next 2 months, BDR needs a major Capital Raising just to survive, else BDR will be dead and buried under Liquidator Table when best one can expect is half cents for each share back

BDR Price at posting: 5.3¢ Sentiment: Sell Disclosure: Held
4 Upvote

0 Great analysis

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Stop dreaming .. Over the next 8 months Several Debt Repayments...

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