Cheapest Gold Play12 Feb 2021 07:57
Cheapest Goldy in the UK !
Following the recent 257% resource increase Iād say the company will be able to produce 30koz+ pa
At $1k margin at todays gold a tidy $30m EBITDA pa
We will get an updated DEP which should confirm the targeted production but this should materially increase the already incredible 382% IRR
I would expect the JORC to increase to closer 1moz too given the historic drill results that were not included in the original 600koz resource plus the additional 257% increase to add
Homase though has much larger exploration scope so we can expect to see this resource organically grow and I should imagine production increases along with it
Then there is the 24g/t Akrokeri mine to open up
A true mid-tier gold mining company in the making
Ā£30m Cap today for all of that ? serious re-rerate to come here and II personally think this should be trading nearer 30p area