Continental Gold Limited New CGOOF

Notes on Sussman Presentation at SIS

[LanceFTN]

Ari Sussman presented at the Subscriber Investment Summit, Toronto, along with 16 other companies. 

https://www.subscribersummit.com/about-sis/

Below are notes on his presentation streamed by the organizer Tommy Humphreys.


Colombia has changed a lot since 2000-
the security situation especially GDP has grown on oil, next precious metals
Large established mining industry - not an emerging market.
Worlds tenth largest coal producer. Glencore, BHP, Anglo there.
Buritica project Called "A mountain of gold" by Spanish in 18th century "Large geological system.
There will be a lot more ounces here."
Comparables like Porgera or Penasquito can be monsters. 30 million ounces.
Feasibility Study: lowest quartile in costs to produce and free cash flow. In the middle of "noisy" permitting.
"We are permitting the project by the end of this year."
45 years of pro business government, full support of state, municipal and federal government, Sussman says.
They said Tahoe's Escobal wouldn't get a permit Torex in Mexico.
"We are the next one. It's coming."
We are fully funded through permitting.
34 mil cash as of Nov '15 Gravity assisted orebody.
~4.7 million ounces measured and indicated over 11 grams plus about 4.8 million ounces inferred at over nine grams (gold equivalent).
"This will grow well bigger than that."
14 year mine. 390 mil capex.
Over 250k annual ounces. $411 cash cost. AISC $492. Total all in $604.
@$1200 gold, $15 silver, $860 mil NPV (usd, post tax, 2.3 year payback)
Currency exchange upside of ~20% in FS 4 high impact drill targets for H2 2016.
High grade at surface. 188 grams per ton.
8 analysts cover it.
Trading at .23x PNAV.
Value increase will come with permitting, exploration success.
"We are at the point of inflection in fact I'm convinced it's already turned up."
"Let's enjoy the ride."
COO don grey built Tahoe's Escobal.
Colombian operators.
Exec chair was CEO of largest coal mine in world- Colombia's largest.
Geological talent.
TOMMY's note-Compelling presentation and story.