RE:RE:RE:Financing Imminent?Yeah sorry about that. These Bullboards really suck. Can't edit or delete. Random errors half the time trying to view or post.
Maybe we should do something useful with this thread. Here's a random comparison:
https://www.asanko.com/ Quick facts:
Reserves: 2.5Moz at a gold grade of 2.15g/t
Production: 190,000oz/yr average production over 12.4 year life of mine
All-In-Sustaining-Costs: US$781/oz, placing project in industry’s lowest cost quartile
Capital cost: U$295 million
Fully funded with US$130 million debt facility
First gold targeted during Q1 2016 and steady-state production in Q2 2016.
Long term liabilities as of Sept 30, 2015:
$148,656,033
Mine is in Africa, not exactly a bastion of stability.
Market cap: $330,000,000.
So DMM, ~6 MOz at way higher grades. The Zaruma project alone has equivalent Ozs to Asanko's project grading 12-13 gpt. $4.7 million dollars of debt compared to $148.6 million dollars of debt for Asanko.
All in sustaining costs will be similar to Asanko's project once Zaruma is at designed capacity.
And.... a market cap of $10,280,000.
Granted, at designed capacity, Zaruma will produce a little less than half the ounces per year and it isn Ecuador but.... really?
Someday... someday.