pretty reasonable estimates.....interesting that the resource...

First 6 Last

Share
Profile

Follow
minoil

7,822 Posts.

269

02/02/15

20:57

Post #: 14685061
Share

Originally posted by ghost12 ↑

Good question Chalkstar

TMX web page says that the "current resource of 322,500 tonnes @ 5.14 grams per tonne (JORC 2004)" so 53,500 oz of gold.

I am no gold valuation expert but gold is around $1600 Aus Dollars so current total value $85,600,00

project is 322,500 tons
$45 processing at a near by mill = $14.5m
$5 Transport = $2m - Darlot is 50km~ thunderbox 30km~ by road they could process them self cheaper?
Mining open cut $4-5 per ton under ground $70 $100 a ton not sure what the split is between open and under ground so lets use $70 for the lot but this a bit silly = $22.5m
Corporate costs $5m~?
% recovery of the ore you might take 15% away?
No idea how much waist needs to be moved number??? underground would be selective you would think.
Other costs: planning permitting etc Number???

Total cost $44m Estimate (I am not a geo,valuer or engineer).

$44m negative total value $85m = $41 before state royalty 2.5% = $40m~ profit. (remember recovery might be 85% so take another $6m away)
It looks like a very small project so probably finished in 1-2 years it is so they need to drill it to make it larger.

If the above is correct (warning; lot of estimates, assumptions and guessing not based on actual project facts/knowledge). The company could have up to $3om~ cash before tax.

What would a company or a project be valued at that could generate this type of return?
Another guess say 10%-15% of possible profit so $3.5m~ - $5m~ as it is now? more if drilling is successful.

Chalkstar what do you think it is worth?

Expand

pretty reasonable estimates.....interesting that the resource only covers the grades above 5 grams/tonne,makes you wonder with the gold price, how much more ore would be payable? and...theres the chance of proving up more......as well as the Dodgers Well, which, while the drilling didnt show anything astounding, they pick up more knowledge of the area should they pursue the project further....
you could do far worse punting on an explorer than this one at this price....just need some patience

TMX Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

SHN

Chimeric clocks $4.17M R&D tax rebate from Canberra

Chaos reigns markets – so let's take stock of where we're at ahead of December

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

MTM

Australian Rare Earths bullish on early-stage uranium potential at Overland, SA

PME

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

OCN

Southern Cross Gold zooms in on 9 new high-grade zones above 20g/t at Golden Dyke

Watchdog takes Webjet to court over alleged 'false' flight prices with hidden fees

There are more pages in this discussion • 27 more messages in this thread...

First 6 Last

Add TMX (ASX) to my watchlist

(20min delay)
Last 0.4¢		Change 0.001(16.7%)		Mkt cap ! $5.298M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$455	130K

Buyers (Bids)

No.	Vol.	Price($)
4	2378192	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	23390292	13

View Market Depth

No.	Vol.	Price($)
2	1626988	0.004
15	7865082	0.003
7	6650000	0.002
5	7000499	0.001
0	0	0.000

Price($)	Vol.	No.
0.005	5713460	7
0.006	4635726	4
0.007	7178725	8
0.008	4493067	6
0.009	623131	3

Last trade - 13.47pm 29/11/2024 (20 minute delay)

TMX (ASX) Chart

pretty reasonable estimates.....interesting that the resource...

Top Stories

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

Chimeric clocks $4.17M R&D tax rebate from Canberra

Chaos reigns markets – so let's take stock of where we're at ahead of December

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Australian Rare Earths bullish on early-stage uranium potential at Overland, SA

Pro Medicus signs landmark $330M deal to roll out imaging platform in US hospitals

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Southern Cross Gold zooms in on 9 new high-grade zones above 20g/t at Golden Dyke

Watchdog takes Webjet to court over alleged 'false' flight prices with hidden fees

Buyers (Bids)

Sellers (Offers)