TSX:SBI - Post Discussion
Post by
paco01 on Mar 13, 2024 3:13pm
Serabi: Video Interview with Michael Hodgson, CEO 6/3/24
23 min. Crux Investor interview 6/3/24.
https://www.youtube.com/watch?v=0D0gsCrcObA The State hydro power supply is coming to Palito which will replace diesel for power generation which is Serabi's second highest cost after labour. Then the electric supply will be going in to Coringa. This will reduce AISC for the company by a significant amount. AISC of $1400 is expected giving a $600 margin per oz with gold at $2000. Road from Coringa to Palito has been recently paved which makes trucking of ore to Palito quicker and a lot easier. Palito production of 30k oz pa can go on for however long! 400k oz resource 20 years ago. That has been mined and now the resource is 500k oz which is the most it has ever been. Coringa is similar. It could be a 1 million oz resource with grades 10 to 12 gm/ton. Production could be up to 70k oz pa to get production to 100k oz organically but that would require capex that is not available currently. Ore sorter for Coringa is on the water from Poland heading to Brazil.
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