BC8 3.28% 63.0¢ black cat syndicate limited

The value of every 100,000oz with this grade, could be valued at...

  1. 6,851 Posts.
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    The value of every 100,000oz with this grade, could be valued at $150 per ounce in the ground or $15m. Given where it is located and without the need to build a plant gives a reasonable estimate. Operating mines like NST get nearly twice that valuation from memory.
    The current market cap is $10m and the resource target is 4.5 x higher. If we allow for some minor dilution (57m on issue now), i can see a stock price of 70 - 80c this year. This assumes 80m on issue and 450k ounces x $150.
    If you cut the gold price in ground value down to $100, you still get 50c.
    Myree is a new discovery outside the 450k 0z  estimate and that is already 70,000oz x 3.5g/t and it remains open along strike and depth. All in all, it is very cheap on the numbers. There is probably a magic gold price number and then the market will come for these emerging players and M&A will crank up imo.dyor.
 
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63.0¢
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Mkt cap ! $161.9M
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61.5¢ 63.5¢ 60.5¢ $3.093M 4.980M

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Last trade - 16.10pm 22/11/2024 (20 minute delay) ?
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