I am not a geologist or a mining expert, I am just trying to establish some parameters and comparisons to think what value Amani can have in its 4.1 million ounces of gold. Remember: the Giro GoldProject grade is 1 g/t.
I can't take Kibali as a benchmark, which has world-class assets and a higher grade, making it a mine with a very low cost of production.Take the Kalgold Mine from Harmony Gold. It has a carbon-in-leach processing plant, with a capacity to process 120,000 tons per month. Grade 0,79 g / t.
https://i.ibb.co/gPLW94K/Screenshot-2020-06-29-22-44-52.png
Both Kalgold and Giro Project, guiding by a simple reading of the available material, present similar mineralization: pyrite chalcopyrite and quartz.
https://i.ibb.co/GRhnYn8/Screenshot-2020-06-30-00-19-07.png
https://i.ibb.co/TT95jhW/Screenshot-2020-06-30-00-15-59.png
https://i.ibb.co/7JxD104/Screenshot-2020-06-30-00-15-55.png
Kalgold's AISC in the last 9 months was US$1,362. With a plant that processes 120,000 tons of ore per month.
https://i.ibb.co/pjfBpkV/Screenshot-2020-06-29-22-44-08.png
Applying the Amani degree to that AISC ... and that level of processing ...120,000 grams per month, equivalent to 3,858 ounces. Annualized: 46,300.
If we cut that in half by being negative, thinking about a processing capacity of 60,000 Tons per month ... Amani could produce 23,000 ounces per year at a cost of $ 1,362. Free cash: $ 438 per ounce. Total of U$D10,074,000.Amani has 65% of Giro: U$D 6.500.00 per year.
Take account, if the proccesing plant has a cappacity of 60.000 ton per month, annually 720.000. In this case the explotation could be of 172 years... the processor should have a high capacity than estimated.
With a negative calculation, and using one of the most expensive AISC in Afrika, Amani could present an excellent Pre Feseabilty Study. But managment continues to issuing shares for explore, exploring thats ok, but could advance to think the mining... if the price go up, they should issue less shares for more cash.
Its time to make a PFS, the current congolese goverment is mining friendly, but if the Managment never show some attitude to make money, NGOs will continue to claim for the issue of licenses in exchange for no benefit to the Congolese State.
https://scooprdc.net/2020/06/27/bradage-des-mines-de-la-sokimo-attention-le-dirigeant-dajn-resources-nest-quun-speculateur-acte-2/
https://afrique.lalibre.be/51983/rdc-des-ong-sopposent-au-bradage-de-la-societe-publique-sokimo-a-la-canadienne-ajn/
Expand
(20min delay)