RE: crazy cheap8 Feb 2020 07:08
Worth remembering the situation here:
-All permits and licenses accepted
- 35 year mine plan to produce 35koz gold per annum
- net gold to KAT 17.5koz per annum
- margin circa $900
- net profits annually after ramp up $17.5 million
- already in talks for project level finance (not dilution)
- studies done at $200 lower gold price which still shows attractive economics.
- mcap £4 mill