TSX:SBI - Post Discussion
Post by
paco01 on Jan 30, 2024 10:29am
Serabi: Mike Hodgson, CEO video on Q4 and FY/23 results
Mike Hodgson interview Https://www.brrmedia.co.uk/broadcasts-embed/65b796436371e5b884f614fa/?popup=true 40,000 ounces this year can be achieved with no additional manpower, no additional personnel arriving on-site. It's been recently agreed that underground workers at Palito are now doing longer shifts. These factors should result in more production, more productivity, lower costs and improved cash flow even if the gold price does not rise from here. For 2024 we're looking at between 5000 and 8000 ounce production increase, so $10m to $16m increase in revenue at $2000/oz, much of which will go straight to the bottom line. And then we're at 2025 when we will likely be looking at 60000+ ounces that's been funded internally from cash resources. Don't think Serabi would be trading anywhere close to $36m against a healthy gold backdrop.
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