Gold Stocks, page-259

been putting some good hours into finding a good place to park some PM focused capital .. think GOLD will continue to do VERY well 2024+ and hold up even if we see a general market correction in the new year

...looking over many ASX ...but just couldn't pull the finger and buy without looking on the NYSE for peer size companies I like sub 500mill Gold producers..came across

GAU - Galiano Gold- USD $143mill cap ..$56mill cash nil debt (EV=$A130mill !!!)45% JVP with 45% Goldfields(10% Ghana govt)
(The mine is managed and operated by Galiano)

Ghana Gold mine 2Moz 1.3g/t Gold reserve 5Moz resource ..P/E-4

.strip ratio 7.2.

• Processing recovery is up to 94.0%

best country in Africa to mine.. Major exploration upside as mining near surface open-pits Gold open in muti-depth directions from the open pits ---

LOM AISC around USD$1000oz...

if GOLD moves towards $3koz the likes of GAU will see 45% of $300-400Mill EBITA

certainly could be a target T/O from Goldfields or maybe GAU can buy the 45% share from GoldFields ..




What could we compare for EV $A 130mill on the ASX ?

PNR .. with its 110koz production high AISC costs to date $300mill+ EV 1Mtpa plant ??

disc- buying GAU-NYSE