BOE 4.66% $5.17 boss energy ltd

Release of gold results will be dictated by the funding partner...

  1. 2,055 Posts.
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    Release of gold results will be dictated by the funding partner not BOE. Default release is quarterly.
    Jan 10 2018

    "In addition, we are aggressively advancing exploration programs at both Golden Hill in Burkina Faso and Afema in Côte d’Ivoire. With a long-life mine that provides solid annual gold production and free cash flow, a second mine in development and a pipeline of quality organic growth assets, we are well-positioned to deliver on our vision of becoming the next multi-asset midtier gold producer in West Africa.”"

    BOE JV terms ....

    Teranga, through its Gryphon subsidiary, holds a 51% equity interest in the joint venture agreements with Boss Resources Ltd. ("Boss") covering both the Golden Hill and Gourma gold exploration projects. Teranga has the right to earn a further 19% interest upon delivery of a bankable feasibility study regarding a potential deposit within any of the permits comprising the joint ventures. At that point, Boss must participate on a pro-rata basis for all costs associated with the development of the project or default to 1.5% net smelter royalty interest. In addition, upon attaining a 70% equity interest, Teranga has the option to acquire a further 10% in the joint venture upon payment of AU$2.5 million dollars within 60 days of delivery of the relevant feasibility study.

    BOE can particapte at 20% if Golden Hill has successful BFS + decision to mine...

    good luck
 
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