Feb 2024 PFS - AISC @$1,833.00 per ounce / IRR110% pre tax / 2yrs production - 49,890 ounces / gross revenue $150M / free cashflow $41M pre tax.
($3,000 per ounce)
Gold production start up - late 2024 / early 2025.
Recent Money of Mine comments regarding Vertex:
"Vertex (VTX) | Reward: small-scale mine but low capex too, secured a US$10m prepay so they’re serious about producing. It’s gravity gold with no cyanide so a big tick there. Hopefully their cost projections are accurate and they make decent money but small scale comes with risk".
I am genuinely excited about this project. You just have to look at the experience of the BOD & understand what you are getting this for a under $15M market cap emerging gold producer. They have delivered plant / current build on a shoestring budget. The next big task is getting into production within their predicted parameters. Gold price will also be the kicker along with exploration in this very mineralised corridor. Will also be happy to progress our other projects if the cash starts to flow like I am anticipating !
Feb 2024 PFS - AISC @$1,833.00 per ounce / IRR110% pre tax /...
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Last
15.5¢ |
Change
-0.005(3.13%) |
Mkt cap ! $20.77M | |||
| Open | High | Low | Value | Volume |
| 17.0¢ | 17.0¢ | 14.0¢ | $186.6K | 1.185M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12709 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 21250 | 1 |
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| Last trade - 15.46pm 17/09/2024 (20 minute delay) ? |
| VTX (ASX) Chart |