Added to YB: 2026-07-22
Pitch date: 2026-05-09
SBM.AX [bullish]
St Barbara Limited
-29.13%
current return
Author Info
No bio for this author
Company Info
St Barbara Limited, together with its subsidiaries, engages in the exploration, development, mining, and sale of gold.
Market Cap
AUD 496.0M
Pitch Price
AUD 0.64
Price Target
1.53 (+260%)
Dividend
N/A
EV/EBITDA
27.43
P/E
-75.65
EV/Sales
1.72
Sector
Metals and Mining
Category
turnaround
St Barbara Limited - $SBM.AX
SBM.AX: Asymmetric gold play; pro-forma cash AUD534m (>60% of mkt cap). Sold 60% of Simberi mine (PNG) to fund fully-funded expansion; lease extended to 2038, tax dispute nearing resolution (worst case AUD74m). OCF inflecting 9c→19c/sh FY27-29. 15-Mile Canada permitting option (NPV5 C$2.1bn). Base case AUD1.16-1.53 (80-137% upside) at $4-5k gold, excl 15-Mile.
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