Carbine Resources: Strategic management change
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TheSophisticatedInvestor.com.au
Carbine has announced significant additions to their executive management team that will drive the development of Mount Morgan gold/copper tailings re-treatment project through final feasibility, construction and first production. The key changes include Tony James as Managing Director, John Fitzgerald as Non-Executive Chairman, Graham Brock as Non-Executive Director and Chris Newman as Geology Manager. Analyst Comment: We believe this announcement should give the market, particularly institutional investors, confidence that Mount Morgan will not only become a gold producer by mid-2017 but will also be one of Australia's lowest cost gold producers (US$234 / oz Eq). Valuation: We maintain our valuation for 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.
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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...
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No areas of expertise