RE: My buy showing as sell21 Feb 2020 12:51
SO AT $1630 even better today
Highlights
· Results of the Study show good initial validation of the Project's future economic potential
· At US$1,400 gold price, a 1.5Mtpa Heap Leach Mine delivers:
o 84% Internal Rate of Return ('IRR')
o +US$19m per year average free cash flow generation
o US$30.9m net present value ('NPV') at 8% discount rate
o US$942 per oz All in Sustaining Cost ('AISC')
o +45,000 ozs per year average production
o US$20.6m pre-production Capital Expenditure ('capex')
o Payback period of less than 18 months
· Good potential to increase Mineral Resources given under 25% of the total 40 linear km strike length of the potential mineralised zones identified has been drilled to date
· SRK has defined an exploration target of 1-2Moz gold limited to 100m depth which was re-confirmed with the maiden resource on the 5 December 2019