PRU 0.83% $2.38 perseus mining limited

Montage acquisition, page-5

  1. 3,351 Posts.
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    It's a good move, JMAN.

    Montage Gold released their DFS in February:

    https://www.montagegoldcorp.com/news/2022/montage-announces-kon-gold-project-dfs-with-after-tax-npv-of-746m-and-35-irr

    While not bad (post-tax NPV = $US1.0B at $1800/oz, post-tax IRR = 47%), the initial capital required is $US544m with a LOM head grade of just 0.66 g/t.

    Improve that head grade with significant satellite discovery and the project economics improve out of sight (US$20M in historic exploration spend on the Mankono property).

    Note Barrick is now 10% shareholder of Montage Gold and Endeavour Mining 4% (PRU mixing it with the big boys):

    https://www.montagegoldcorp.com/news/2022/montage-enters-into-agreement-with-barrick-and-endeavour-to-expand-kon-gold-project-and-arranges-20-million-bought-deal-financing
 
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