Syndicated Metals Ltd.

Feasibility Study during September quarter

A much better project

SMD fully funded

Beer & Co valuation

Beer & Co conclusions

Keywords : Australia | Copper | Report |

Problem viewing email? Click here to view it online.

SMD is managing the Feasibility Study, while CopperChem, a wholly owned subsidiary of W H Soul Pattinson (SOL.ASX) fund the feasibility.

The plan is now to prove a 5 to 7 year mine life to feed a transportable processing facility that will be sited at the Barbara mine site.

Click on read more to access report :

Beer & Co estimate that the total capital cost will now be $A 27m, and that the project will produce about 11kt/yr of copper for 7 years at an all in cost of AUD 212c/lb, or US$ 1.60/lb (AUD-USD = 0.750).

By shifting at least primary processing to the Barbara site, Beer & Co estimate that cash costs are reduced by AUD 14c/lb, or $24m for the Life of Mine, for an incremental $A 7m in cap.ex.

Click on Read more to access Beer & Co's previous report, detailing the valuation update

While SMD is executing the feasibility study, it is being funded by Copper Chem as part CopperChem's earn-in to 50% of the JV areas.

SMD recently raised $1.996m in equity through an under-written rights issue. These funds provide SMD with working capital and also the funds to drill mineralisation in SMD tenements that are outside the JV area.

Click on read more for all Beer & Co research, including other SMD reports :

Beer & Co allow for a further equity raising of nearly $5m, at a discount to the current share price. Our valuation of SMD, with a 50% stake in a project to produce 11kt/yr of copper for 7 years at an all in cost of US $1.60/lb, is 12c/share. .

Click on read more to access Beer & Co's previous report, detailing the valuation update :

Our valuation is a multiple of the current share price. We believe that the feasibility study, which will be completed in about 4 months, will significantly de-risk the project. .

Click on Read more to access report :

If you wish to recieve Beer&Co. research, please register at: Access to Research

Beer&Co.
ACN 158 837 186
Authorised representative Melbourne Venture Securities Pty Ltd
www.beerandco.com.au

Author:
Pieter Bruinstroop
pbruinstroop@beerandco.com.au

Copyright 2013 beerandco.com.au, All rights reserved.
You are receiving this email because you have subscribed to our newsletter list. If you do not wish to receive our newsletter emails in the future, please here.
DISCLAIMER IMPORTANT: This message is for the intended recipient's use only. If you are not the intended recipient(s), please notify the sender immediately and delete the message and any attachments from your system. This message may contain confidential, proprietary or privileged information. No confidentiality or privilege is waived or lost by any transmission errors. You should not read, print, copy or use it for any purpose, nor disclose its contents to any other person. Beer and Co Pty Ltd cannot guarantee that this email message is secure or error-free. No guarantee is made that any attachment(s) are virus free. You should check all emails and attachment(s) for viruses and defects before opening and using them. Beer and Co Pty Ltd and its associates hold or may hold securities in the companies/trusts mentioned herein. To the extent that this email contains any financial product advice, it is limited to general advice only. Although the information is believed to be reliable, Beer and Co Pty Ltd does not guarantee its accuracy and it may be incomplete. Unless stated otherwise, Beer and Co Pty Ltd has not taken into account your investment objectives or financial situation when preparing the information contained in or attached to this email and therefore may not be applicable to your particular circumstances. You should obtain your own financial advice before making an investment decision. Past performance is no indication of future performance. Any reference to the terms of executed transactions is preliminary only and subject to written confirmation. This email is made available to you in Australia by Beer and Co Pty Ltd (ABN 88 158 837 186, AFSL 224 313).

	EXPLORATION STAGE
	CODE : SMD.AX
	ISIN : AU000000SMD4

Follow and Invest

Add Alert	Add to Watchlists	Add to Portfolio	Add Note

Profile Market
Indicators VALUE :
Projects & res.Press
releases Annual
report RISK :
Asset profile Contact Cpy

Syndicated Metals is a gold and copper exploration company based in Australia.

Its main exploration properties are MOUNT ISA, GEORGINA BASIN, EXMOUTH, MOUNT REMARKABLE and KALMAN SOUTH JV in Australia.

Syndicated Metals is listed in Australia. Its market capitalisation is AU$ 3.2 millions as of today (US$ 2.0 millions, € 1.8 millions).

Its stock quote reached its highest recent level on April 15, 2011 at AU$ 0.23, and its lowest recent point on April 03, 2020 at AU$ 0.00.

Syndicated Metals has 634 480 000 shares outstanding.

Legends
	Production
	Mine development
	Discovery
	Exploration
	Past producer
On Google Earth, click on the button, to show property information, and access to project page or company page.