Post by
Beluga2020 on Oct 25, 2020 11:15am
Interested
I plan on buying shares this week. Does anyone know when they plan on completing the construction of the mine?
Comment by
Trg418 on Oct 25, 2020 2:16pm
2nd half of 2022. Financing package for the mine is supposed to be announced by year's end. In my opinion gold will be a lot higher when they go into production which means the profit margins, which are exceptional already, will be even greater. At $1600 gold, that's $137 million average annual free cashflow. I'm just imagining the profit margin at $2500 gold.
Comment by
Beluga2020 on Oct 25, 2020 3:37pm
Thanks for the quick reply. I agree it has very good potential. This one is flying under the radar...I see a good entry point at these levels.