RE: Potential8 Nov 2019 10:42
The Company has now refined contractual terms for project construction and operation. Estimates include open pit gold production of c. 140,000oz pa for a seven-year period. All-in Sustaining Costs (including operating, sustaining capital and closure but not including leasing and other financing charges) remain c. US$800/oz. Tulu Kapi's Ore Reserve estimate totals 15.4Mt at 2.1g/t gold, containing 1.1Moz.
Well just calculating 140,000 oz at $800 oz with cost, the potential is $1 billion 120 million IMO and market cap is only £ 9 million...on this basis this will be rerated or are we missing the plot :-)