Don't forget all financial modelling etc done at $1250. At conservative 100k oz pa production that's an EXTRA $5m pa profit straight on the bottom line. 10 year mine life (min) = EXTRA $50m. (This on top of projected $500/oz core profit I.e. the increase in pog over last week alone has added 10% to lifetime profitability ----- amazing!)
Must be increasingly attractive to potential buyers / partners. Current market cap just over $42m all-in!
for people not already in CNR to get in. Surely got to break out from these levels soon to move towards proper valuation. The assets are real - its 2.4m oz of real gold in the ground and all evidence is that it can be got out comparatively cheaply to deliver huge profits. That realisation will be out there soon!
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