Key investment points13 Apr 2019 10:41
Market cap US$20M vs NPV US$190M or price-to-book ratio of 0.11 times
Value of $8 per oz gold in the ground vs gold price of $1,290 oz gold. Valued at 0.62% of the gold price. Dalradian Resource was acquired for $50 per oz gold in the ground without permits to construct a mine.
Production to start at 120,000 oz gold per annum for 7 years from open pits + underground resource of 1.2M oz gold to be added.
Priority for early cash flow. Negotiations continue with nearby processing plants to mine from La India open pit, which is permitted to produce 600,000 oz gold
95.4% metallurgical recovery from bulk samples taken to B2Gold’s two mines
Fully permitted to construct and operate a mine of 2,800tpd producing 100,000 oz gold per annum. A major de-risk in any mining jurisdiction
Work to prove a 5M oz Gold District continues