This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

STN - Saturn Metals

Jump to new
Got as high as 32, then fallen back to 29.
Got some bids in around the 26 mark, not sure if they get filled or not.
With the gold frenzy, little minnows like these can get caught up, which is what I am hoping for.
Mick
 
BtL finance was a mini disaster for me. I only acted on two of his advices: Saturn Minerals, against my better judgement due to the low grade - got worn down on that one as I never had conviction and needed a CGT loss. The other, SSR Mining, where he didn't update his subscribers on his sell action upon the disaster news but responded to a question on another forum a day or so later. He understates risk. Turned out to be a super expensive buy-me-a-coffee Patreon subscription, lol.

Not Held
 
I understand your pain, I also went into SSR and B2 gold which cost me a bit, but for me BTL has provided me with far more good pointers than bad ones.
its the luck of the draw.
Mick
 
Some drilling results out today hihlight that the Apollo Hill MRE due out late this year should increase a good bit from the current 1.8mill resource.
Unlikely to get any of those 26 bids filled in the short term.
Mick

Unlikely
 
Well, it seems that the market did not like the announcement.
Fallen back to 26 and I had some of my order hit.
Market can be hard to please.
Mick
 
Solid results for this project, will likely add to the MRE.

Intersections won't see the light of day for 5 yrs+ after commencement according to their current plan, which may be the reason for slight sell off, along with the gold price having a day off.



 
Saturn Quarterly out, main thing I was looking for was the cash.
Has around 4 quarters of cash left.
Given the level of its SP, one might expect a cap raising within 6 months.
Mick
 
More drilling results out.
All the new stuff above the average grade, which is good.
The significant part is that the fact that these results an earlier ones will be included in an updated MRE due out before the end of the calendar year.
market seems to have liked it, up 5% on the day.
Still think there will need to a cap raise before too long,
Mick
 
Into a trading halt because of a site incident.
Could be anything, hope its not an injury or worse on site.
Mick
 
mullokintyre said:
Into a trading halt because of a site incident.
Could be anything, hope its not an injury or worse on site.
Mick
Click to expand...
Sadly, there has been a fatality at the site , it seems a member of a drilling contractor has been fatally injured.
Out of trading halt now, and to my surprise the Sp went up.
Mick
 
Saturn up 16% on small volume.
There is a big pile of 2 mill buyers, but only 160k sellers.
Something will need to give here.
Perhaps that long awaited MRE is about to be released.
I expect a capital raising to be done once the MRE is released.
Mick
 
Some good drill results this morning for STN.

They wont have much of an impact on early production due to depth, but should help with the resource upgrade due early next month.

From their Dec qtly -
Water Supply
• A detailed hydrogeological assessment was submitted to the Department of Water and Environmental
Regulation (DWER) to support the Company’s groundwater extraction application. Once processed, this
application will secure sustainable and sufficient volumes of water for the Project.

I had seen the water supply as the main impediment to the project, however their language reads positively.

We'll see, happy to hold for now.
 
STN announced the commencement of the PFS today, to be completed Q4 CY2025.

The PFS will be based on an updated Mineral Resource Estimate, due for completion in the
coming weeks,


It's slow going and low volumes but making headway, holding.
 
houtman said:
STN announced the commencement of the PFS today, to be completed Q4 CY2025.

The PFS will be based on an updated Mineral Resource Estimate, due for completion in the
coming weeks,


It's slow going and low volumes but making headway, holding.
Click to expand...
Still waiting for that updated MRE that was due in 2024.
Now they say the PFS will be based on the updated MRE due out in a couple of weeks.
Seems to be consistently late with their everythings.
Mick
 
mullokintyre said:
Seems to be consistently late with their everythings.
Click to expand...
February pick

See this as a call on the gold price.

A PEA was done about 18 months ago and not a lot of substance since then.

Like a few goldies, easy to argue that it is under priced at today's gold price.

Plenty of safer bets around, looking for a price spike on the updated MRE along with (hopefully) a strong gold price.

I've been in and out a couple of times, there is not much liquidity.
 
STN have announced the long awaited upgraded MRE.
Any deposit that has in excess of 2 mill ounces is worthy of a look.
The trouble is the cut off grade at 0.2G/T.
I reckon I could damn near get that grade in my back yard.
About half of that total is 0.5 g/T at a shallow depth, so it may mean low strip ratios which makes this mine low cost.
Until we see a PFS or mine plan, the jury is still out.
Mick
 
Yep, have to wait for the PFS now, due 4th qtr, 2025.

They look to have an experienced team working on the PFS, from their 30/1/25 announcement-

Kappes Cassiday delivers innovative and value-add solutions to their clients with 25 process engineers in their Reno office working on 15 different heap leach dominated engineering projects a month.

I'd say that's me out of the running for the Feb comp.
 
Listening to BTL finance this morning, where does a short presentation on Saturn after the latest results.
Still thinks this has good economics , and 0.5 g/t is a standard cut off for heap leach processing.
The original pda released in late 2023 had the NPV sitting around 620 million at a gold price of AUD$2900.
At current gold prices, this value is likely to be above 1.5 billion, and likely to go higher as another six months of drilling reults to be released to the market.
The down side is there is a lot of capex in setting up the leach testing, fine tuning to get the best economic output per gram etc, and he is of the opinion that this will be taken out by another of the players (he mentioned catalyst and orabanda as two possibilities) who have smaller but cash producing mines and need to look at a longer term greenfields site.
Dow 6% this mornig, so have put some low ball bids in to reduce my average price.
Mick
 
Some more good drilling results out.
Don't think those low ball bids I put in yesterday are going to get taken out.
At a current cap around 75mill, a takeover offer by script and cash mixture would be feasible for more thna a few players looking for a longer term greenfields site..
Mick
 
Got some extra STN today at 21.
Have other bids in at under 20 if it all tuns to poo.

Mick
 
You must log in or register to reply here.

Similar threads

BIG - Burrendong Minerals
Replies
2
Views
2K
System
SS1 - Sun Silver
2 3
Replies
48
Views
9K
mullokintyre
PR2 - Piche Resources
Replies
3
Views
2K
Dona Ferentes
MHM - Mount Hope Mining
Replies
4
Views
2K
Dona Ferentes
WER - Western Australia Energy Resources
Replies
2
Views
2K
Dona Ferentes
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...