Market Cap: 1185m @ 1.7c = $20m
Cash: $6m
Project: Kongo 70% Interest Ghana Africa
JORC 20Mt's@2g/t Au = 1.27Moz's Gold
Mining Licence 350ktpa CIL plant
Should produce 25koz's gold per annum
@ $500/oz margin (costs of $900/oz) = $12.5m or 1c eps
@ $750/oz margin (costs of $650/oz) = $18.75m or 1.5c eps
Funded to production according to presentations
Trading on an EV of $11/oz should be $50/oz - $100/oz at least so huge scope for an uplift here
LT buy for me not expecting a surge but rather a steady climb as they move towards production
Add to My Watchlist
What is My Watchlist?