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15/01/25
17:55
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Originally posted by HongFang:
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10c+ sounds fair. Thats a $17m mc - which is about 50% of the project npv based on a gold price of $3500 - and about 25% of the project npv based on the current gold price. Once the toll treatment agreement is sorted and funding is secured I expect the mc to approach the project npv. Which the scoping study published as $35m based on $3500 gold or $60-65m based on current gold price. So a 20-40c sp. This assumes a lot, including toll treatment and operating costs are inline with scoping study. In any case, any increases in mining or toll treatment costs from the scoping study I expect to be covered by the ongoing increase in gold price. IMO the POG will exceed $4500 this year.
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10c magnet here