Valuation22 Nov 2020 09:51
When considering what Alba may be worth, excluding our Greenland assets, I find it helpful to keep a beady eye on SGZ Scotgold. It is now capitalized at around £65m and is days away from its first gold pour. Production in the short to medium term will apparently be around 10,000 ounces per annum before it ramps up and doubles production from Q2 of 2022. Apart from its one producing gold mine, it has extensive exploration acreage in the Grampians.