Perseus mining just bought at Orca Gold. Their IRR is estimated at 24.2% and a annual gold production of 228,000 operating in Sudan.
I think this is a big overreaction. I believe that Chris and team still has every intention of a starter pit at Korbel.
Gold price of $1750 will be conservative by the time they go to mine. A gold price estimate of $1450 used by many explorers is becoming out of touch. Im not trying to upramp here, just trying to offer perspective in this space. Korbel is not dead in the water as the PFS will be a better determinate of viability. For those that are still holding, I believe that we have a lot longer to wait to see any decent recovery, but I don't think this is a throwaway stock by any means.
Ann: Korbel Gold Project Starter Pit Scoping Study, page-148
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Last
14.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $38.07M | |||
| Open | High | Low | Value | Volume |
| 14.0¢ | 14.5¢ | 14.0¢ | $40.07K | 284.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 112792 | 14.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.5¢ | 227752 | 5 |
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| NVA (ASX) Chart |