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35.8¢ big river gold ltd

Ann: Cash Offer from Aura Minerals Inc. of A$0.36 per share, page-7

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OkieDokie

1,825 Posts.

214

20/04/22

15:20

Post #: 60939339
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Originally posted by Biarra: ↑

Oh yeah! Someone will make some money, not us but. Offer only a quarter of the US$342M.

"A Definitive Feasibility Study (DFS) was completed in December 2019 and updated in July 2020, which confirmed the Project’s economic viability and robustness. The capital cost of construction totals US$91M and returns an NPV8% of US$342M

These studies demonstrate the low risk and low cost nature of the planned Stage 1 which aims to produce 730,000ounces of gold at an AISC of US$713/oz which will place it in the lowest cost quartile of producing mines."

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Its a shame really. Solid project but after about a year of fart assing around updating studies and altering plans you could tell they were probably never going to develop it and instead put it up for sale. Its a good project in the right hands!

BRV Price at posting: 34.8¢ Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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