PVM 0.00% 36.5¢ pmi gold corporation

congrats on our marriage with keegan, page-19

  1. 6,485 Posts.
    Let me elaborate.

    Keegan Resources.
    PFS was completed last Sep, they deferred the DFS in June and "initiated a re-scoping of the Esaase project in search of a more viable development plan." No permits, community consultation not even started.
    Proven 5t @ and average grade of 1.2 for 200K oz (only)
    Probable 74.3t @ 1.1 for 2,680k oz
    Total 2,880 oz
    Capital cost of a whopping 506m
    LOM avg of 258k ozs per year.
    Cash on hand 186m
    Market Cap 313.55m
    SP 4.15 CAD

    PMI Gold
    DFS finished, permits gained, ready to roll
    Proven 14.8t @ 2.39 for 1,140k oz
    Probable 19.04t @2.08 for 1,300k oz
    Total 2,430k oz
    Capital Cost of 296.6m
    LOM avg 221.5koz per year
    Cash on hand 142m
    Market Cap 338.59m
    SP 0.85 CAD.

    In short, Keegan's gold is low grade and costly to mine.
    This is about that lovely cash in the bank, but as I've said, Obotan should still be the flagship and PMI the major player.

 
watchlist Created with Sketch. Add PVM (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.