BC8 3.28% 63.0¢ black cat syndicate limited

If Bc8 gets anywhere near a 100,000 oz initial resource this...

  1. 6,851 Posts.
    lightbulb Created with Sketch. 259
    If Bc8 gets anywhere near a 100,000 oz initial resource this quickly, I will be extremely happy. That will be the tip of the iceberg and a great result on $4m and within such a short time frame. We can see that the resource is at depth, so any stage 1 resource will be a fraction of what is there deeper down. The strike remains open and under explored. 
    The grade is important for all mines, but the cats have several big advantages here. The open pits should be a nice economic grade when you look at the results. The stock sub $10m cap here remains a standout. I personally think it will be gone this year when it becomes obvious to the surrounding players that it has enough resource to feed their mills. I also don’t believe bc8 needs a large resource. These guys get 200-300k ounces and someone will but it. Don’t forget that once you have the plant (around them) this will produce a lot of free cash flow. 100,000 Oz of gold is worth $180,000,000 today and rising. If you take a surrounding mine that makes $500 per ounce and do the numbers, the profitability on this area is very good. A lot more than the current market cap. Dyor.
 
watchlist Created with Sketch. Add BC8 (ASX) to my watchlist
(20min delay)
Last
63.0¢
Change
0.020(3.28%)
Mkt cap ! $161.9M
Open High Low Value Volume
61.5¢ 63.5¢ 60.5¢ $3.093M 4.980M

Buyers (Bids)

No. Vol. Price($)
3 41223 62.0¢
 

Sellers (Offers)

Price($) Vol. No.
63.0¢ 22474 1
View Market Depth
Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
BC8 (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.