Carbine Resources: Strategic management change

Adam Kiley

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.

Adam Kiley
Adam Kiley

Adam is the Founder and Principal of (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...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Please sign in to comment on this wire.