kcg cerro negro. what is it worth? Some rough estimations that I...

kcg cerro negro. what is it worth? Some rough estimations that I made before...


Facts about Cerro Negro are as follows.

JORC Code Gold values 620,000 oz
JORC Code Silver values 200 to 300 Grams per ton

Estimated reserves by Minex are 4.000.000 AU

Cost comparison to AngloGolds Cerro Vanguardia is $120 per ounce to mine and treat.

Can be mainly paid with Silver credits of
between 200 and 300 Grams per ton

Total shares 143,000,000 Fully diluted

$620,000 oz X $400 = $248,000,000 USD divided by 143,000,000 = $1.73 USD
per share on minimum resource.

Estimated likely reserve by Mininex = 1.6 Billion USD Gold resource (Not JORC)

Mining paid via Silver credits + - but Silver is rising.

Lets Double the amount of shares on issue to 300,000,000 (WE will never see this)

= A future share resource price of $5.70 USD
(In Ground dug up and turned into bars)

Not including taxes, greasing palms and other costs.


OH, Go do a comparison with Redback mining and tell me who has the best deal? Look at Redbacks share price...
Look at KCG.