Carbine Resources: Production on the horizion
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TheSophisticatedInvestor.com.au
Carbine has come a long way in the past 12 months as they completed an impressive PFS, agreed offtake terms for their copper sulphate and pyrite production as well as a new major shareholder joined the register (GR Engineering - completed the PFS). However there is no slowdown in the year ahead as a DFS will be released by the middle of the year and an announcements regarding project financing and a decision to mine will follow (TSI estimate - 2H16) before production commences next year. We value Carbine at $0.40 per share, however believe this valuation could increase up to $0.58 per share provided there is relief on the state royalty and the mine life is extended to 10 years (TSI assumption - 7yrs).
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![Adam Kiley](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBa2tGIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--0fa41011c8a5af0280293196f3ddd18aaac6b7a3/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lKYW5CbFp3WTZCa1ZVT2hOeVpYTnBlbVZmZEc5ZlptbHNiRnNIYVFISWFRSEkiLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--a788536266c8d052a67a95e113f2ebbff3ad0a97/0_ZgfI5i9q5Semi2Sz4xSN5TvZL2Ym_WgzsyRN5T5WVdExyDEvqU0FI3AbICOKhmyJMYDzE6UNnsVZ.jpeg)
Adam is the Founder and Principal of thesophisticatedinvestor.com.au (TSI Capital). TSI provides equity analysis of listed companies, however, is different from traditional providers as TSI presents its analysis in a video format. This includes...
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![Adam Kiley](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBa2tGIiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--0fa41011c8a5af0280293196f3ddd18aaac6b7a3/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lKYW5CbFp3WTZCa1ZVT2hOeVpYTnBlbVZmZEc5ZlptbHNiRnNIYVFISWFRSEkiLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--a788536266c8d052a67a95e113f2ebbff3ad0a97/0_ZgfI5i9q5Semi2Sz4xSN5TvZL2Ym_WgzsyRN5T5WVdExyDEvqU0FI3AbICOKhmyJMYDzE6UNnsVZ.jpeg)
Adam is the Founder and Principal of thesophisticatedinvestor.com.au (TSI Capital). TSI provides equity analysis of listed companies, however, is different from traditional providers as TSI presents its analysis in a video format. This includes...
Expertise
No areas of expertise