Daisan slightly different picture31 Mar 2016 20:39
Ok that don't own the asset but they have a five year working tribute agreement at no capex,
So their expenditure is "only" £300,000 which they have and is sufficient working capital to get to gold production with a margin of between circa £300 to £400 per once over and above all costs including the 22% tribute.
ALL the requirements licences,permits, mechanical infrastructure and logistics are in place and within 30 kloms of the mining area.
So call it less than 8 months from start of the idea to implementation and production.It usually takes 10 to 12 years from discovery of ore to production where as KRS was scheduled for well under a year and is now weeks if not days away from first gold.
I am interested in the shorter term gain sp potential not dividends or I would be holding my breath for a couple plus years here and facing a consolidation.
KRS Gold will be set to run for some years so long as world travails prevail and the gold price maintains within 20% of the existing level.
We do not yet know what TOGO will be worth or how long it will take to bring the mine into production.let alone anything about logistics.
The TOGO asset in a way backs the sp.
NMG has in its own way similarities with KRS.NMG has Gold and Copper assets and a working partnership which it controls; all permits and licences in place.Logisticson on the doorstep and a stated objective of producing gold within a short time frame of months rather than years ~Q3 Q4 this year .
On that basis I think the NMG sp will follow a similar track to KRS
NMG~ Different country, different rules, different risks,for the price of a groat per share I will taken some few millions as the sp will eventually double and possibly treble prior to NMG gold production.
Each to their own.
NMG has greater risk than KRS but negated somewhat by the low sp and probable potential
AtB