OTCPK:MALZF - Post by User
Comment by
Tinmannon May 04, 2012 6:48pm
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Post# 19874071
RE: RE: RE: Submits Enviro Permit
RE: RE: RE: Submits Enviro Permit For a project with likely $30mm capex or less, who cares?
At $1200 gold and $600 costs and 40,000 ozs/yr, the mine would payout in a year and the rest would be gravy. Not to mention that there looks to be potential for pit expansion and satellite deposits.
Brownlie did an awesome job at Capital Gold and looks set to do it again. Wait a year, pay more. Simple as that. At 7c how wrong can you go?
Even if they did 100% equity by issuing 400mm shares at 7c (worst case scenario), you'd be at 600mm shares out and a market cap of $42mm with an asset cash flowing $24mm a year at $1200 gold.
Don't see much downside from here.