Hi12 Jun 2020 12:02
I’ve taken a decent position here (for me) over the last few weeks as I think this has phenomenal growth potential. I don’t usually get involved in this side of the micro-cap / AIM market (after some hard learned lessons) but I think this is seriously undervalued (with in country risks to be fair) and I also think it is a great hedge for some serious inflation in the years ahead and I expect Gold to go much higher from these levels.
4:35 minutes into the below video presentation in May, Zurrin confirms that New Luika and Singida will produce a 115,000 ounce per year business (assume that is a 80,000 / 35,000 split, respectively). That’s serious cash at these AISC Costs and all possibly within 18 months, I don’t think funding will be much of an issue for Singida. And West Kenya in 3 / 5 years could double that production again.
https://www.sharesmagazine.co.uk/video/shanta-gold-shg-eric-zurrin-ceo-luke-leslie-cfo
All to play for here later in the year when the hedge runs out, loans are repaid and Singida is in Construction with a timeframe.