SAS.TO - 2015 guidance from the recorded CC about 8 Min in.
2015 guided production: 106k from Holt Hollaway and Taylor
Assumption: Taylor will be fully permitted and ready Q4
Holt Hollaway will provide 90k,
The math! 106k - 90k = 16k Q4 Taylor
They are just scratching the surface at Taylor at 400 meters
2015 Company Cash costs Bet 800 -850 includeing royaltys
2015 AISC guidance $1000 Keep in mind, there are 37k meters of drilling in the budget, some of which is sustaining. AISC would go down if they trimmed the sustaining drilling. Also they have a reputation for beating guidance.
Nice tidbit here, Canadian $ Rate reduces $19/oz in US costs per basis point reduction
2014 Phaze 1 Drilling at Holt Deep zone 4 West Ext:
Shallow dipping and open to the North and west
4gpt over 37 meters
21gpt over 22 Meters
Produced inferred resource of 1 million there alone
2015 37k meters of drilling is going to add nicely to their resource numbers and should help the share price.
2014 paid off their debt and CF around $30 Mil, puts them at 3 x CF based off the $90M EV
Going to spend some face time with them at PDAC next week. 520 companies going to be there and I have only 2 days. Be busy this week mapping things out
