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Great progress being made and with a lot more progress to come makes this cash rich company a stonking good investment at this market cap and increasing gold price. I would be very surprised if anybody could come up with any company with better value credentials on any market.
I think SRB is getting closer to 'fair value' now but fact remains at such a gold price they're going to be producing ebitda not too far off the current mcap with those funds being put straight to use towards the next production level of 60k ounces.
Still room for 100% upside from 60p in 2024.
Solid interim update, might get some support on that. As I said last week, this needed news and that will probably be good enough for the time being.
What d´you think this is worth Pedro Simply Wall St says £7 a share about?
Bushytailed. I will talk to you in 6 months when this will be worth much more,after the price of gold is shown in the massive profits the company is making..cash generation is good now,but, just see what happens with increased production and rising gold price....
Pedro's joined the clown list,not interested in clueless rampers or clueless dreamers, here to make money only.
Bushytailed..Too lazy to do your homework? I will help you with a few facts you obviously do not know from your posts so far. 1. 2 mines in operation 2. They have huge cash in the bank, 3 cash in the bank is growing daily.....4 management have plans for a big increase in production going forward. If you need any more help I would only be too happy to help you further...ignorance is no excuse...just ask this board with any help you need...
Grow up Pedro, you're embarrassing yourself.
Bushytailed....Talking absolute rubbish again...production and huge cash generation are not priced in...have you done your homework yet?....
Down 13% in a week.
Need news now, pog isn't good enough on it's own to go higher from here
So what are you crying about then?
Bushytailed. All shares move up and down ,but,the gold price is rampant and every dollar increase just goes straight to the bottom line. Talking nonsense about a share you have absolutely no knowledge of just shows your mental limitations and simple mind,as most posters on here can clearly see. Do your homework is my advice.
And yet down it goes Pedro... Why not wait until we see if we get 55p or not before we decide who has no clue? 🤣🤣
Bushy tailed.Why the nonsense talk about a share you so clearly have no idea about? This is a money machine with better and better prospects .Long way to fair value…
Hippo, please accept my apologies I didn't realise you was mentally incapacitated.
Another perpetual loser filtered... Anymore clowns want to out themselves ?
No mine producing Bushy? There are two mines already producing. The Vale venture was for copper. Not related to the two existing mines
My numbers are based on low end of expectations for the two existing mines
Your clown face was rude and unnecessary
Bushytailed. If you want a cheaper buy in you are wasting your time. This should be 150p on present fundamentals at this gold price and much more going forward with so much about to happen. Why waste time this has a tailwind and huge cash generation backing a rerate very soon.
Bushytailed. Your deramping is obvious to all holders.The board is doing a great job with a transformed outlook and huge cash generation. Your claims are ridiculous. Why bother yourself pretending you know the company when it is so clear you understand nothing?
The problem with this company is the bod have always lied about the status of the company, finances grades and actual gold. Everyone thought that they might have just taken their eyes off the ball previously, learned their lessons and turned it around. However we appear to be in a situation where a major global player has looked through the window and then turned away.
You really have to ask that if the pay grades where really there and In the quantities being shouted about then why did Vale walk away from a 5 million loss when they could have converted it to 75% of the project?
So a mine that isn't producing, isn't built and isn't even funded is the backbone of your DCF calculations 🤣🤣🤣
Stand back everyone, Hippo is going to show us all how it's done 🤡
I never said the share is worth £2. What I said is that my DCF calculation showed £2 based on current production. However we must discount the £2 as the Coringa license is for 3 years, and there is always a possibility it will not be renewed after that time. Against that however is that the gold price keeps racing ahead.
The DCF calculation assumed the following;
2023 33k oz @$1850 with mining cost of $1253 and overheads of $650k
2024 38koz @$2150 with mining cost of $1328 and overheads of $680k
2025 43koz @2300 with mining cost of £1408 and overheads of $716k
2026 50koz@2400 with mining cost of $1492 and overheads of $752k
Terminal value calculated FCF at a discount rate of 12% and multiplier of 6X.
You have seen it in the share price 300% in 6 months!
We now have an absolutely transformational gold price of $2398 and going higher...It must surely be seen in the s.p. very soon....gold fever will transfer from physical gold to the mining sector eventually.
Why 55p? You're dropping values without explanation again... I think 55p is possible but doubt it. This has the same chance to end the week at 68p and I expect you to un mute me at that level too and start having reasonable conversations. This was me trying to start that grown-up discussion you were asking for but I'm muted now so... 🤷🏼♂️
See you at 55p Gonzo, filtered now for the time being