Member Info for ConMan94

I guess he means serabi is underground mtl is open pit

Lol.

55koz production

$4k gold

AISC $1545

Drilling $13.5m

Tax 28%

FCF $87m

Maybe one of the iis that Mike and the teamspoke with at beavercreek.

Oh and we just hit new all time high. $3700. AISC probably running about 1750. GP next year over $100m :)

If anyone wants to see that absolute ballache that Serabi have had to go through, go and watch TriStar's latest interview on Crux youtube channel. They're being sued by the same public prosecutor that challenged Serabi. Those are the risks with Brasil. As for Serabi, hopefully they're granted the full licence soon.

Https://www.youtube.com/watch?v=AQ2_Ohe5YyM

200kpm in FCF if these 2 new fouke wells come in. surely that takes the company to 6-8m in market cap which is 2-3x. At that point, buy another asset and complete workovers from FCF.

DM - I mean you're correct, but with due respect its not the companies responsibility to keep the share price low to help you get a better price lol (don't take this too seriously).

Anyways, I've said before I believe the company are looking at an acquisition. The COO did an interview last week and again mentioned the junior explorers in the region. If they get anything like the coringa asset again then im all for it!

Buybacks over dividends are so much better if you're planning on holding the stock for the long term.

Fair. Anyway when are the board going to transact with this cash. Sitting there doing nothing.

Jammin, that's not what Danger mouse was talking about.

Darren he's talking about the % profit margin gain. DM is correct, the higher the AISC the MORE is to gain from the gold price rising.

Long Trek - the company is not profitable at $25 a barrel. The fields are, the company is not.

These drills are so important. If they both come in at the expected rates, the company will be making $164k per month in FCF. Gives them room to pay down some debt and look for M&A in the region. The company REALLY needs this. If these wells fail, the company will remain on the everlasting dilution train. GL to all.

Being dragged down by Fratelli unfortunately. Think we're going to continue to stay here, might even drop further, unless the announce a dividend/buyback in the interims.

£200k sale gone through, probably Fratelli again. Company could be using some cash to be buying back shares but no let's just sit with it on the balance sheet doing nothing.

Yeah thats fair, i think the brazillian firm that just bought 20% of the company tells me all i need to know.

I reckon we're pushing past soon!!! $$$$$$$

Yep, the growth stops at 60koz because thats when the plant is full. That's why they're spending $10m this year and next year to work out whether to increase the size of the plant of put up the plant at Coringa.