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Columbus Gold Corp CGTFF

Metals & Mining Industrial Metals & Minerals
"Columbus Gold Corp operates in the gold mining industry. The company acquires, develops, explores and evaluates gold in French Guiana. It owns two main projects and other projects. Montagne d'Or Gold project which is comprised of eight mining concessions and Eastside Gold project hosts a large area of shallow oxide gold mineralization. It principally operates in three geographical areas those are Canada, United States, and France."


OTCQX:CGTFF - Post by User

Columbus Gold Corp > Is NG already 'mining' CBGDF?
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Comment by grape562000on Mar 02, 2018 6:00pm
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Post# 27654469

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Is NG already 'mining' CBGDF?

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Is NG already 'mining' CBGDF?It is a lot of money...but starting in a couple of years...and after paying about $176M for their share of mine development. So at $27M (assuming $500 profit per ounce) per year...they will first raise/spend $176M, and the next six years repay that mine development cost. It&#39;s a long time until they pocket $150M. Columbus is a prospect generator. They need money for that, so maybe $150M now allows them to generate multiples of that going forward. Especially with so many promising Nevada properties begging to be developed. They just aren't mine developers and right now they have a bird in the hand.
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