Normal
Yikes, KWR @ 10 cents per share, guess I should have listened to the skeptics.[ATTACH=full]121910[/ATTACH]Company thinks the scoping study for a 31 month contract mining and toll milling campaign is "robust". My guess is, it is, but market sentiment and s.p actually becomes a 'fundamental' factor when you're intending to raise $20M via mostly equity for upfront working capital.All up costs are thought to be 1,700/oz and they're counting on a received $2,300/oz gold price. Mid range EBITDA for the whole campaign predicted to be $79M. Not bad for a currently $16.5M market cap minnow, if they can pull it off, but at what dilutionary cost will it be to shareholders?For 5 months they'll just be chewing through that working capital, thought to max out at $13.5M at the 5 months level, then production pay starts to overhaul costs for a breakeven point at about 10 months along the 31 months pathway.[ATTACH=full]121911[/ATTACH]
Yikes, KWR @ 10 cents per share, guess I should have listened to the skeptics.
[ATTACH=full]121910[/ATTACH]
Company thinks the scoping study for a 31 month contract mining and toll milling campaign is "robust". My guess is, it is, but market sentiment and s.p actually becomes a 'fundamental' factor when you're intending to raise $20M via mostly equity for upfront working capital.
All up costs are thought to be 1,700/oz and they're counting on a received $2,300/oz gold price. Mid range EBITDA for the whole campaign predicted to be $79M. Not bad for a currently $16.5M market cap minnow, if they can pull it off, but at what dilutionary cost will it be to shareholders?
For 5 months they'll just be chewing through that working capital, thought to max out at $13.5M at the 5 months level, then production pay starts to overhaul costs for a breakeven point at about 10 months along the 31 months pathway.
[ATTACH=full]121911[/ATTACH]
Hello and welcome to Aussie Stock Forums!
To gain full access you must register. Registration is free and takes only a few seconds to complete.
Already a member? Log in here.
