SBL - Signature Metals

[goatpointer]

Re: SBL - Signature Brands

This now Signature Metals and is an active gold miner in Ghana. It has recently had some very very good drill results which will increase the current JORC of nearly 1 million oz to something a lot bigger. It has other infrastructure in place and had an experienced Board. Well worth having a look.

 

[craigj]

Re: SBL - Signature Brands

this is one of the companies that gamperio in the age has recommended to watch for 2010 on that basis alone i have bought in he loves the west african gold miners

the chart has had a nice retracement so i see now as a good buy in point

 

[boronia]

Re: SBL - Signature Brands

this is one of the companies that gamperio in the age has recommended to watch for 2010 on that basis alone i have bought in he loves the west african gold miners

the chart has had a nice retracement so i see now as a good buy in point

Here's what Robin Bromby said in "Pure Seculation" recently....

You wouldn’t find a stock selling at 2.7c backed by a JORC resource of 1.2 million ounces of gold on the North American or London exchanges, but investors can load up on Signature Metals for that price. They announced their new resource figure today.

also attached is a chart indicating SBL's EV/resource oz

 

[Purple XS2]

Re: SBL - Signature Brands

Here's what Robin Bromby said in "Pure Speculation" recently....

You wouldn’t find a stock selling at 2.7c backed by a JORC resource of 1.2 million ounces of gold on the North American or London exchanges, but investors can load up on Signature Metals for that price. They announced their new resource figure today....

Attention is always welcome, but I have to question the nous of any commentator who refers to stock price by single share price (in this case $0.027) as if that was a meaningful measure.

So, err, if someone like MHL had a 1-for-1000 consolidation, that would make their 'stock' more valuable?

Discl: I hold
Discl: I also hold MHL (but not because I thought they were 'cheap' at $0.005 )

 

[boronia]

Re: SBL - Signature Brands

A further 60k resource oz have been identified in an old tails dam within the Project area and it is currently being determined whether this resource may lend itself to processing thru an on-site but non-operational facility as mill feed or tails/oxide blend.

In their half yearly statement they had about $2.5 million available which presumeably should account for the completion of the mining study and enviro approvals, some more resdef drilling and perhaps some of the mill refurb

http://imagesignal.comsec.com.au/asxdata/20100305/pdf/01044629.pdf

 

[gamefisherman]

SBL Signature Metals

Does anyone know what is going on with SBL. They went into a trading halt pending some type of "significant capital raising" but now have gone into a voluntary suspension?

Any ideas why the voluntary suspension?

Thank you.

 

[hobo-jo]

Most likely because they weren't going to have the finer details of the capital raising finalised by the deadline they set of Wednesday morning. I hold and personally am not concerned, just hope existing shareholders are allowed to participate if there will be significant dilution (which sounds like there might be).

They mention that the capital raising will be a significant one, so perhaps it will be enough to fund them through to production? Hard to say, but I don't think there is need for worry.

 

[gamefisherman]

Please comment on todays Quarterly Report

We would greatly appreciate any comments on the latest release to the market today of SBLs new findings and activities.....What are your thoughts?

We dont really understand how to interpet mining results?

Much appreciated.....

http://www.asx.com.au/asxpdf/20100430/pdf/31q2p8mx0hkc97.pdf

 

[boronia]

Re: Please comment on todays Quarterly Report

We would greatly appreciate any comments on the latest release to the market today of SBLs new findings and activities.....What are your thoughts?

We dont really understand how to interpet mining results?

Much appreciated.....

http://www.asx.com.au/asxpdf/20100430/pdf/31q2p8mx0hkc97.pdf

Here's am update on SBL.

• the 5 m Cap raising is for refurb of the 350ktpa CIL plant + exploration +project expansion studies
• SBL have recently been granted tenure over the lease until 2023
• Production estimates (using the refurbed plant) are 11,000 - 25,000 oz in CY2011
• At a cost of production of 500$/oz this stock has a mkt cap/2011 earnings multiple of 3.6x
• Resource estimate is 1.27 Moz with some exploration upside to the west of the existing mined areas

Here's also a comparison of SBL with some other West Africa miners

 

[Ding]

Some interesting results released to ASX yesterday. Market seems to have listened a little bit as well. Lets hope there is some good results with the SP as well in the coming weeks.

Anyone else along for the ride?

 

[craigj]

i ve sold out a month back and found that the share price was too often manipulated and held back upon good announcements

 

[boronia]

Nice spike in this stock today up 15% in early trade and on good volume. I guess the latest investor presentation may have generated some interest.

 

[Ding]

SP back down to 2.2C........ any more news with how the upgrade is going on the plant? Some news from SBL would be comforting.....

 

[boronia]

SP back down to 2.2C........ any more news with how the upgrade is going on the plant? Some news from SBL would be comforting.....

Ding, according to the last investor presso the plant refurb is on time and on budget. Commissioning is planned for Dec/Jan and first gold pour in Jan 2011. They expect to produce 26 000 oz in year one (with the refurbed 350ktpa plant) fed from surface-stored tails and stockpiles) and 40 000 oz in year 2 with the proposed 700 ktpa upgrade.

Here is an overly simplified (and probably not particulary accurate forecast) from me.

If they produce 25 000 oz in 2011, with a sell price of $1000/oz and production costs of $500/oz that should give them $12.5 in earnings. Given their EV is 34.5 million (sp=3c) this eqates to an EV / 2011 forecast earnings ratio of 2.8 which seems like reasonable value.​

The presso also talks about the 1.2Moz JORC Rsource that has further exploration upside and the recent Manganese find of direct-ship grade ore(exploration target of 15-54 million tonnes at 25-40% Mn)

 

[lioness]

Ding, according to the last investor presso the plant refurb is on time and on budget. Commissioning is planned for Dec/Jan and first gold pour in Jan 2011. They expect to produce 26 000 oz in year one (with the refurbed 350ktpa plant) fed from surface-stored tails and stockpiles) and 40 000 oz in year 2 with the proposed 700 ktpa upgrade.

Here is an overly simplified (and probably not particulary accurate forecast) from me.

If they produce 25 000 oz in 2011, with a sell price of $1000/oz and production costs of $500/oz that should give them $12.5 in earnings. Given their EV is 34.5 million (sp=3c) this eqates to an EV / 2011 forecast earnings ratio of 2.8 which seems like reasonable value.​

The presso also talks about the 1.2Moz JORC Rsource that has further exploration upside and the recent Manganese find of direct-ship grade ore(exploration target of 15-54 million tonnes at 25-40% Mn)

Boronia, what does that make these valued at then??

Surely 5 cents is more like it. Maybe there quarterly will add something, but chartwise it looks to be about ready for another move early next week.

 

[boronia]

Boronia, what does that make these valued at then??

Surely 5 cents is more like it. Maybe there quarterly will add something, but chartwise it looks to be about ready for another move early next week.

Lioness, based on the attached if they can improve their resource base to about 2.5 million oz then a EV/resource ratio of $70/res oz is about average, which would put 5c in the ballpark.

If you use a mutilple of say $2000 (MktCap/ forecast production oz) and a production of 20,000 oz/year this stock is fairly valued at a Mkt Cap around 40million.

If you believe the discussion 'over the road' around the AGM held, then (apparently) this company has aspirations of finding the next 10Moz resource in the Ashanti Gold belt. They fell that because their ground is along strike from Obuasi then this is at least possible. The short term production will allow them to undertake a very aggressive drilling campaign to prove up the resource.

My position is that I'm pretty comfortable with this stock as a long term hold given its fundamentals

 

[calais]

This company should update it's shareholders on it's activities of the project.
Not much news at all being so close to production. Really poor effort by the company.
Also cannot find any information on past announcements and presentations on cash costs for year1, 2, and future production from pits.
Earlier posts suggest $500, seems high considering their grade of 3.00 from tailings and stockpiles. Have to say their investor presentations are quite monotonous.
Is the Konongo project 70% owned or 90%. Who is the other party involved.

Currently not a shreholder.

 

[maffu]

This is going on my watchlist.
There seems to be some definite upside, but the lack of movement has concerned me, maybe the low quality of the gold is what's keeping it at such a small market cap.

 

[Tekwrek]

This is going on my watchlist.
There seems to be some definite upside, but the lack of movement has concerned me, maybe the low quality of the gold is what's keeping it at such a small market cap.

I heard about this stock on Monday, and have also put it on my watchlist, possible announcements forthcomming.

 

[lenny]

Hi Tekwrek, Looks like the SBL train might be leaving the station?

I got in at .029 and will look to add another position on a break of .035 as with production oh so close this stock could move to 6 or 7 cents quite quickly.


Regards
Lenny