A JORC’d resource of 1.6Moz for no upfront cost until the first 250koz is mined and even then it’s only $17.5M plus small royalties after that. That’s mental! Yes, it is only Indicated and Inferred but that won’t take long to firm up to a Measured resource.
Profits will be about $1.6B assuming a gold price of $2500 and a very high AISC of $1500! Their market cap is only $61M at the moment. Will be very interesting to see what the share price will do on open.
I’ll need to dig further into this, but this seems amazing in my opinion.
KZR Price at posting:
48.5¢ Sentiment: Buy Disclosure: Held
