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28/01/21
00:19
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Originally posted by sydneysider:
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+$0.20 is approximately +$117M market cap, or approximately 3x the current price. The golden mile project area has a strike line of 8 historic mines, of which 3 are developing as open pits, so 5 remain as developmental candidates PLUS development of Mount Freda. AMG announced conceptual development targets across the project area are for development of 19MT - 30MT at grades of 1.7 g/t = 3.4 g/t au for a total of 1.1M - 3.4M ounces of gold. So my production guesstimates IMHO are conservative. Once you fire up open pit gold production (at current prices) the cash flow stream allows for fast track development of additional resources without any dilution. Good luck to all longs.
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in all my years of mining, I have NEVER seen any show succeed by funding startup or expansion from cash flow. Debt or equity, doesn’t matter, but cash flow, no.