Very good30 Oct 2019 08:08
o TKGM projected economic statistics have improved markedly with the increased gold price, as announced on 8 April 2019:
§ TKGM's NPV at today's gold price of approximately $1,500/oz and applying an 8% discount rate, is £167 million (US$212 million) at start of construction and £239 million (US$303 million) at start of production;
§ The NPV of KEFI's planned 45% beneficial interest ranges between a low of £41 million (US$52 million) at US$1,300/oz at start of construction this year and a high of £108 million (US$137 million) at US$1,500/oz at start of production in 2021 i.e. within the range of 6 to 17 times the current market capitalisation of the Company of c.£6 million (US$8 million); and
§ These figures ignore the underground deposit and exploration assets.