It's a good move, JMAN.
Montage Gold released their DFS in February:
https://www.montagegoldcorp.com/news/2022/montage-announces-kon-gold-project-dfs-with-after-tax-npv-of-746m-and-35-irr
While not bad (post-tax NPV = $US1.0B at $1800/oz, post-tax IRR = 47%), the initial capital required is $US544m with a LOM head grade of just 0.66 g/t.
Improve that head grade with significant satellite discovery and the project economics improve out of sight (US$20M in historic exploration spend on the Mankono property).
Note Barrick is now 10% shareholder of Montage Gold and Endeavour Mining 4% (PRU mixing it with the big boys):
https://www.montagegoldcorp.com/news/2022/montage-enters-into-agreement-with-barrick-and-endeavour-to-expand-kon-gold-project-and-arranges-20-million-bought-deal-financing
It's a good move, JMAN. Montage Gold released their DFS in...
Add PRU (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$2.33 |
Change
-0.005(0.21%) |
Mkt cap ! $3.194B | |||
| Open | High | Low | Value | Volume |
| $2.39 | $2.39 | $2.31 | $6.709M | 2.871M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 55 | 121515 | $2.32 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.33 | 93833 | 23 |
View Market Depth
| Last trade - 15.45pm 17/06/2024 (20 minute delay) ? |
|
|||||
|
Last
$2.33 |
Change
-0.005 ( 0.40 %) |
||||
| Open | High | Low | Volume | ||
| $2.38 | $2.38 | $2.32 | 929435 | ||
| Last updated 15.59pm 17/06/2024 ? | |||||
| PRU (ASX) Chart |
