Geologix Explorations Inc GIXEF

RE:RE:Copper may save our butt

[StocksLynx]

Not only copper, but the dual nature of the mine, only Copper or Gold would need to stay above the current levels, long term, to be profitable. This reduces the risk.
"The Tepal PFS Base Case uses 4 year trailing metal price averages of $1390/ounce gold, $3.44/lb. copper".
With the credit of copper:
Total Cash Cost per once of gold: $238
All-in Sustaining Cost per once of gold: $290, after tax: $492
With the credit of gold:
Total Cash Cost per copper pound: $.77
All-in Sustaining Cost per per copper pound: $.89, after tax: $1.36

Current copper price: $3.20 per copper pound: https://www.kitconet.com/charts/metals/base/spot-copper-1y.gif

Last but not least GIX is personnally interconnected with Silver Wheaton which have currently very little attributable gold reserves of 4.96-million ounces of gold and 851.4-million ounces of silver. Their profit of the last 12 month was $502-million so they could fascilitate a significant portion of the total mine building costs.

Just as a reminder the post-tax NPV is around $421 million at a 5% discount rate.
This means the company has this value, if the mine can be build as planned. The company is currently valued at $16.7 million which just 1/25 of the Net-present-value...