the second assumption.. They get 11,000 oz over the project, at a rate of 1 to 3.25, which may take them into stage 2 depending on production. Good business ?????
Stage one on paper is 29,000 oz with an anticipated recovery of 23,000....So at 1 to 3.25 at the low end, they will get 7000 oz , we get 17,000,,
That makes $85 M with NO DEBT.. $17 m of the funded money plus whatever the balance of the costs are.. Costs should come in at around $1600 per oz plus mine construction costs ... still on my clacs around $45M before taxes etc... Just stage 1 on this funding arrangement is 3 times the current market cap in net value ( roughly speaking ) Then stage 2 they will get 4000 oz, lets say everything the same, only this time, we would be stumping up additional production costs as the funding is exhausted , which are about $1600 per oz
If CVR can have 3 times the current market cap in cash at the end of stage 1 , plus the further stages , plus growth from further drilling, on an ongoing basis , there is PLENTY to look forward to IMO.
CVR Price at posting:
25.0¢ Sentiment: Hold Disclosure: Held
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