Well @finicky decision to restart Paulsen's is scheduled by mid-2023 (last page of quarterly states this indicating June/July '23). Given current AUD Gold price of $3k .. I'm very confident that green light will be given to restart Paulsen's.So they have less than $17m left.
@Telamelo, you're pretty gung-ho on BC8, you could ask investor relations in an email how much cash it would take to commission Paulsens to a break even rate of production. Or, if they elect to not say because it could be market sensitive, when will a final investment decision on Paulsens be released to the market. Noone knows what the risk of buying now is because they could lob a capital raise on us.
Held
They have all permits, infrastructure, processing plant/mills etc. so very minimal capex required (guessing about $10-$20m required at most imo). Nevertheless, I'll shoot them an email enquiring about this as never know I may get a response/answer to this question.
Yes am unashamedly quite gung-ho about BC8 as an emerging Oz gold producer - 'high grade ore is king' and their 3 quality gold projects have plenty of it!
(I think we'll be pleasantly surprised in a few weeks time when they announce another resource upgrade).
Meanwhile, ongoing exploration drilling continues through till July '23 in looking for a Paulsen's repeat (potential new discovery).
BC8 reminds me in so many ways of a younger NST in the making (going back all those years ago).
Really what's not to like here especially with Gold at $3k! (I think risk/reward potential with BC8 is excellent).
DYOR