50k OUNCES per annum GOLD11 Oct 2017 20:01
close to FS -
The Count of Monte_Cristo11 Oct '17 - 15:50 - 83 of 83 0 0
Yes, a good update from GGP.
MNC should be valued much higher considering the oz in the ground and the advanced nature of the project.
What advanced gold project with mineral a resource of 2.8 million ounces of gold which has had 10's of millions invested into developing the project along the exploration to mining curve is valued at �3.6m GBP?!
For the cost of a brand new Merc or BMW you could pick up 1% of a this stock:))
"Minera Seafield incurred historical costs of approximately CAD$40 million (US$29 million at current exchange rates) to progress the Quinchia Portfolio".
Remember the FS will be looking at...
Revenue generated from schedule and predicted process recovery for each modified flowsheet;
Capital cost reduction (compared to previous process studied);
Operating cost reduction (compared to previous process studied); and,
Project risk, constructability and operability.