Bactech Environmental Corp BCCEF

NPV up 50%

[lscfa]

$60 mil US NPV in the study was based on $1600 gold price. With gold at $2000 NPV is $90 mil US , or $122 mil cdn.

[MrDales62]

Wanna bet the costs have doubled? LOL

[rockmoney]

Worse is the balance sheet. Check out the audited FS for Dec 31 2022. Cash: $10,000 Current Liabilities: $2,900,000 Ouch.

[lscfa]

22. Subsequent Events Private Placement On March 27, 2023, BacTech announced the closing of a private placement financing for $732,000 in gross proceeds. Each Unit, priced at $0.08 per Unit, comprises of one common share and one common share purchase warrant in the capital of the Company. Each whole warrant will entitle the holder to acquire one additional common share in the capital of the

[lscfa]

“The financial metrics on the Ecuador project are robust,” continued Orr. “We have a 12-year tax holiday.  The feasibility study projects that, at $2,200/ounce gold, the annual profit will be equal to the capex of $17 million. Every $100/ounce rise in the price of gold adds a million dollars to the to the bottom line.” https://www.thenewswire.com/press-releases/1kEjFanVp-bactech