Carbine Resources - PFS exceeds expectations

Carbine Resources (ASX:CRB) has released a positive Pre-Feasibility Study (PFS) for their Mount Morgan gold and copper tailings project in Queensland. Analyst Comment: This was an outstanding result for Carbine as they not only decreased the forecasted operating costs to potentially become one of Australia’s lowest cost gold producers, but also decreased their initial capital costs (in-line with our initiation report expectations). In addition to the decrease in capital costs, the increased cash flow during the first three years of production (through increased production) should make debt financing an easier proposition and further reduce future dilution. Due to the outstanding result we have increased our valuation for Carbine from $0.17 per share to $0.26 per share. For the full report visit: (VIEW LINK) Video Report: