BC8 6.78% 27.5¢ black cat syndicate limited

How good is that announcement? 81% increase in operating cash...

  1. 11,980 Posts.
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    How good is that announcement? 81% increase in operating cash flow for starters.

    The numbers are a 'Cash Cow' machine. More ore sitting there outside the study. This means even more upside. $201m is a base case for Paulsen's with the first 4 years with everything remaining open. It must be more than 4 years given they haven't included the high-grade veins in the walls. BC8 is going to pre mine the high-grade veins in the walls ready for the plant to turn on. This shows us the leverage of high grade. The debt looks a certainty on these sorts of numbers imo. They have lined everything up, reduced costs, and make an extra $16m for every $100 move in the gold price. All this from ONE MINE ONLY. Coyote is a higher grade.
    My numbers suggest that if you took this across all their assets, then there is over $1b in free cash flow with their existing assets. Every asset is open. We are getting to the pointy end now imo. This announcement is a good read. dyor
 
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