Added to YB: 2026-08-06
Pitch date: 2026-08-03
SBM.AX [bullish]
St Barbara Limited
+16.3%
current return
Author Info
Triple S is a professional special situations investor who shares ideas in their newsletter. Sign up for the newsletter.
Company Info
St Barbara Limited, together with its subsidiaries, engages in the exploration, development, mining, and sale of gold.
Market Cap
AUD 586.8M
Pitch Price
AUD 0.46
Price Target
2.14 (+300%)
Dividend
N/A
EV/EBITDA
33.30
P/E
-89.48
EV/Sales
2.08
Sector
Metals and Mining
Category
value
St Barbara Limited - $SBM.AX
SBM.AX: Gold producer w/ ~A$509M cash+securities vs ~A$544M mkt cap, nil debt. Paying ~A$35M for 40% of producing PNG Simbari mine (Chinese buyer paid $390M for 50%) + funded Nova Scotia restart. Growing to 200-250k oz/yr by 2029 at ~$1,200 ASIC. Risk: $200M PNG tax dispute (likely resolves at zero/20%). Multi-bagger potential. Also pitched EWC.AX: LNG dev selling turbines to HNRG for $350M (~2x mkt cap), leaving ~A$0.12/sh net cash vs $0.058 price, free 80% LNG terminal; capital return possible.
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