VIEW IT HERE
recent pps: $0.62 - view quote here
Here are the summary "Base Case Highlights" - View the full release above
Base Case Highlights
|Average Annual Gold Production||102,000 /oz|
|Average Annual Net Revenue (US$)||60.0 Million|
|Life of mine Net Present Value (NPV)(US$)(5%)||206 Million|
|Pre-Tax Internal Rate of Return (IRR)||24%|
|Pre-Tax Payback (years)||3.4|
|Initial Open pit and underground Capital Cost (US$)||135 Million|
|Average Annual Cost (US$/oz)||713|
|Combined open pit and underground operation||9.9 year mine life|
Why I like this company and Management so much:
1) They've only had this property for 1 year.
2) They bought the property for $8,000,000 and it had 300,000 oz of Gold
3) NOW IT HAS: 1,500,000 oz of Gold and a Net Present Value of over $200,000,000
4) There's still ridiculous upside since I didn't even mention their Enchi property or the fact that they still have 4 drills turning to keep transferring inferred into measured and indicated categories.
Stock is still at $0.62 and trading at a Market Cap of only $40,000,000+... so in my opinion it's still VERY UNDERVALUED.
Happy trading and remember to always do your own due diligence and refer to my disclaimer at the bottom!!