In this briefing:
1. New J. Hutton Exploration Report (Week Ending 15/02/19)
- Gold Road Resources (GOR AU) continued strong BUY
- Mineral Resource increased 2% to 6.61Moz
- 2019 attributable production guided at 50–60koz Au
- AISC est. between A$1,050 to $1,150/oz, is realistic
- Using $1,300/oz attributable 2019 EBIT will be between US$7.5-15m
- 2020 attributable EBIT of 150k/oz conservative $A54m
- Price/EBIT ratio now 10.9 to 16.8 (previous est. 8 to 9.1)
- Expand AIM & ASX coverage to 397 companies from next week
- Gold Road Resources (GOR AU), Azumah Resources (AZM AU), Millennium Minerals (MOY AU), Metals X Ltd (MLX AU), De Grey Mining (DEG AU) , Resolute Mining (RSG AU), Andromeda Metals (ADN AU)
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