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.
The Market...
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!!
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