Ann: Production Update Q3 March 2017, page-16

Some background info on St Barbara

http://www.sharecafe.com.au/fnarena_news.asp?a=AV&ai=43534

It is really funny reading that Citi has finally restarted coverage and given SBM a buy rating.  How stupid could they be in missing out on most of the upside!  The also article states that

"Canaccord Genuity also continues to envisage little valuation upside at current levels. The broker, not one of the eight monitored daily on the FNArena database, has a Hold rating and $2.55 target.  There are four Buy ratings on the database. The consensus target is $2.91, suggesting 11.0% upside to the last share price. Targets range from $2.60 (Credit Suisse) to $3.10 (Deutsche Bank)."

Note that the article rises the issues I mentioned earlier on this thread.

If we get significant AUD POG appreciation then the target price range will rise.  It will also rise with exploration success and/or making good deals like EVN has done.  I think that SBM has the cashflow to fund one or more suitable acquisitions to continue as a successful gold mining company post Gwalia.  I am hopeful that Gwalia will continue for another 4 years beyond 2024 with some further upgrade of the proposed ventilation shaft (but it will not have the very high margins currently enjoyed unless the gold price rises to offset likely increased mining costs per ounce).

Good luck guys n gals.

loki