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Capricorn Metals: Making The Leap From Explorer To Producer

May 04, 2021 5:22 PM ETCapricorn Metals Ltd (CRNLF)4 Comments
Taylor Dart profile picture
Taylor Dart


  • Capricorn Metals is months away from its first gold pour at its Karlawinda Project, which will transform the company into Australia's newest gold producer.
  • The Karlawinda Project is expected to produce upwards of ~105,000 ounces per annum at all-in sustaining costs below US$925/oz over 12-year mine life.
  • Based on current reserves, Capricorn trades at a significant discount to mid-tier producers, but a premium to other junior producers.
  • Given the projected industry-leading margins at Karlawinda and the potential to increase the mine life with a ~2.15 million-ounce resource, I see Capricorn as a name to keep an eye on going forward.

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It's been a rough start to the year for the precious metals sector (GLD), and few miners have been spared, with nearly all explorers, developers, and producers all down considerably from their August 2020 highs. One name that's corrected more than its peers

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Taylor Dart profile picture
"A bull market is when you check your stocks every day to see how much they went up. A bear market is when you don't bother to look anymore."- John Hammerslough You can access more in-depth research, my current portfolios, new positions I am entering/exiting, and proprietary sentiment indicators for gold miners in my newsletter below.  Returns Link: https://imgur.com/a/6fcWjD6Subscription Link: https://buy.stripe.com/3cseV37nl9Y7dUcaEI - Disclosure: I am not a financial advisor. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading or investing.

Analyst’s Disclosure: I am/we are long GLD. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: Taylor Dart is not a Registered Investment Advisor or Financial Planner. This writing is for informational purposes only. It does not constitute an offer to sell, a solicitation to buy, or a recommendation regarding any securities transaction. The information contained in this writing should not be construed as financial or investment advice on any subject matter. Taylor Dart expressly disclaims all liability in respect to actions taken based on any or all of the information on this writing.

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Comments (4)

rmay profile picture
thanks for another great analysis . Taylor do you have any idea what is the matter with SGSVF?
Taylor Dart profile picture
Happy it was of value, thanks! I don't think it's specific to Sabina really, the junior sector is hated on balance and the sub $1BB market cap names are the most volatile and the most high-risk, so until sentiment turns, I would expect 8/10 names to continue to languish and hang out near their lows.
permanent profile picture
Hi Taylor,

another great article.
Taylor Dart profile picture
Hi Permanent,

Thank you & thanks for reading.
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