Serabi Gold Share Discussion Threads

[borisjohnsonshair] 05/1/2020 07:54

Barry Dawes of Martin Place Securities (who knows his onions), predicts gold rising to new ATH, ie above 1950. Imagine the effect on SRB FCF if that happened. With Coringa bringing AISC down to 900, we'd clear 1000 ounce.

[borisjohnsonshair] 03/1/2020 16:19

All good things ......

[tightfist] 03/1/2020 10:03

Looks like someone was listening to us....... Whoosh!

[borisjohnsonshair] 03/1/2020 08:24

Undervalued stocks catch up eventually. Sometime quick, sometime very slow.

[tightfist] 03/1/2020 08:18

We have got some catching-up to do!

[trader365] 02/1/2020 19:26

People here are selling the skin before the bear has been shot

[borisjohnsonshair] 02/1/2020 17:25

The ore sorter is 4,000 ounces for free, so 4,000 x POG. US$6M approx. That's juicy.

[edjge2] 02/1/2020 14:38

coringa will be quite juicy.

[hari] 31/12/2019 11:59

ok thanks for the link BJH

LOM def needs extending. The rest of the explo area will take time and cash resources to draw and develop, which likely to be used from existing cash from Palito/Coringa or farmin possibility.

A couple of unknowns yet, but we know production will be v good once Coringa is producing.

$1400/OZ is the minimum now..surprised we will see that low again to be honest.

[borisjohnsonshair] 31/12/2019 10:37

I realise this needs extension of LOM but that seems highly likely. The rest of their exploration area and potential actually dwarfs Palito and Coringa and they could go it alone eventually or fast track if the right farm-in comes along. We might find finance for Coringa comes in linked to this!!!!

[borisjohnsonshair] 31/12/2019 10:33

This equates to £3 to £6 share price

[borisjohnsonshair] 31/12/2019 10:30

Fair comment but I believe the AISC after Coringa in production and ore sorter functioning is the exciting part. Circa 900 or lower. By mid 2021 the debt for final payment of Coringa and mine development cost could be covered by existing cash and the next 18 months FCF. Then we'll have between 85,000 and 100,000 of production and AISC of 900. Who knows what POG will be in mid 2021 but I believe no less than 1400 is a reasonable assumption. So taking near mid of 95,000 @ $500 = US$47.5M FCF. Take PE of 5-10 = MCAP of US$237M to US$474M. Ie multi bagger.

[borisjohnsonshair] 31/12/2019 10:23

This is all you need to know about Coringa potentialhttps://www.serabigold.com/wp-content/uploads/2019/10/PEA-Report-Published-WebFinal.pdf

[hari] 31/12/2019 10:22

Just my thoughts, so excuse my ignorance.
Just talking aloud here

I think at current mkt cap, this is close to NPV , so fairly priced.

$12m cost of Coringa cancels out out any cash for now.
Since NPV will be much more than double with Coringa ( think is will be $80m), it will add further value once funding is sorted and reaches production.

One to buy and hold and add on weakness I feel.

[borisjohnsonshair] 31/12/2019 10:00

Yes but based on proven veins. They probably stretch miles and miles further.

[hari] 31/12/2019 10:00

Ok found info..thanks to tightfist

[hari] 31/12/2019 09:54

ok

Am I correct in saying LOM is 9 years from start of production.

NPV is $38M?

[hari] 31/12/2019 09:43

New to this one, and just reading up.

I am currently also holding CNG

We am adding couple of more GOLD stocks to our portfolio now.

For the Palito mine , can anyone share the current AISC for production and the Life of the Mine?

I read Coringa will be the mirror of current mine. Also Gold grades are impressive at over 8g!

[backinblack80] 30/12/2019 22:45

TFFT, hopefully everyone will filter the pathetic moron. Let it talk to itself.

[tightfist] 29/12/2019 07:54

Personally, I am looking for the Ore Sorter going on-line in Q1 and then more than 44,000 Oz in FY 2020 - we shall see! I suppose the tailings scrubber contribution will taper-down in H2?.TBH I was a bit disappointed in net cash generation in Q3; I suppose quite a bit was absorbed by Coringa pre-works and SC Exploration. Whatever, I am comfortable that MH and CL will tread a prudent course on funding and that Fratelli/Greenstone-appointed directors will look after the interests of all equity holders.. Happy New Year ahead! tightfist

[borisjohnsonshair] 28/12/2019 16:31

Filtering you now!!! All the worst for 2020.

[borisjohnsonshair] 28/12/2019 14:59

That's assuming zero from Coringa? This should be the assumption at this stage. Maybe some Q1 2021.

[loganair] 28/12/2019 13:02

Price of gold:

First leg peaked in 2005.
Second leg peaked in 2011.
Third leg has just started and therefore likely to see much higher Price of Gold as the third legs are usually the Parabolic ones.

I would not at all be suprised to see the price of gold breach $1,600 per oz during 2020. If this was to be the case and Serabi gets their Ore Sorter fully up and running in Q1 2020, then their profit for 2020 could come in as high as $10mln.