OTCQX:CGTFF - Post by User
Comment by
goldinontarioon Mar 20, 2017 8:52pm
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Post# 26005096
RE:RE:Columbus Gold Announces Positive Bankable Feasibility Study
RE:RE:Columbus Gold Announces Positive Bankable Feasibility Study Really? Couldn't disagree more. NPV is Cdn$500 mil, so since CGT owns 45% -their share is worth $225 mil or approx. $1.50/share. This does not include (1) additional one million ounces now categorized in the Inferred category, (2) new exploration near the current pit and (3) any of their Nevada properties.
As well the capital costs should come down once contracts are put out to tender, which would increase the NAV, increase the IRR and lower the payback.
In other words the share price should gain 50% just to meet the current NAV and then with the 4 items listed above it should gain much more than that.
A project of this size in a good jurisdiction shoud attract a number of bidders.