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4.7¢ vango mining limited

Correction, after-tax 5% discounted NPV for the Main Pit...

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PulpCutter

1,220 Posts.

344

19/03/22

13:58

Post #: 60292788
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Originally posted by PulpCutter: ↑

Rockshell, you posted: "Barrick should have never split the asset in the first place. NST is one of the best operators in the country and they couldn’t even make it work by itself. It is time for a third party to come in..."

Absolutely! Superior only generated $8.5 million US in operating cash flow, last quarter, on this "can't be made to work asset", and has amassed $23.8 million US in cash. Superior's share price is up 88% since the end of the summer, while Vango's is down 45%. The 43-101 compliant Main Pit Pushback PEA produces 60k oz/yr at $US 863 AISC, for $US 59 million capex. The after-tax 5% discounted NPV of the pushback alone is $1.09B, and that NPV assumes $1505/oz US gold.

Please, somebody help Superior figure out how to run this asset!

https://ceo.ca/@newswire/superior-gold-announces-strong-fourth-quarter-and-full-year

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Correction, after-tax 5% discounted NPV for the Main Pit Pushback is $109 million US, not $1.09B.

That's assumes gold @ $1505/oz US. At gold $1800/oz US, the after-tax 5% NPV is $163 million US.

VAN Price at posting: 3.4¢ Sentiment: Sell Disclosure: Not Held
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