Spur Ventures Inc SPVEF

$1691.00 an ounce is close to $1.000 Free Cash flow an ounce

[idlefreebird]

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Did gold really go up 3.60? Find Out

[BruleShore]

 The daily fluctuations of gold prices has no bearing on AGB’s bottom line as they have hedged the first  215,000 ounces@ $1500.00 CAD to satisfy Macquarie Bank and Cat Financial credit conditions. When these conditions are lifted....probably in the summer of 2020...we should have a very clear picture of the magnitude of AGB’s  gold reserves and annual production capabilities

[jedd2]

Atlantic Gold has hedged 215,000 ounces but at an average of a little more than $1,600 CAD (see May 03 to Jun 27, 2016 news releases).  In any event....you are correct in that the daily gold price fluctuations are not that significant during the first 2 years of production.  I hope you are correct with the 10 million ounce estimate but that seems rather hugely optimistic given that we

[Eap5522]

I may be misteading the news releases regarding the hedges, but the way I understood them was 5 different tranches totalling 215k oz at an average price of $1633 CAD

[idlefreebird]

Thank's Brule... my bad as I forgot about that... gltal

[Templardragon53]

Just to add though it makes all the gold in the ground worth more on a 'still to be mined' basis. To me this stock is a fairly simple scenario: 1. Current position re resources they are mining is the base. 2. Expanding the current resources will be the near term catalyst to push this higher. 3. Finding new deposits is an additional catalyst. 4. A higher gold price will be a definite boost,

[onetimer]

I think it may be more like 5 years as in the first 3 years they have to pay off the loan for the mill and mine. I figure about 13 million per quarter for that. Then when they go to add gold from other sources, they have to buy out the 35% silent partner in MRC. whether that is shares or cash, that has not been announced. That should tie up any large dividend's for the first 4 years of cash

[jedd2]

Atlantic Gold has an option to purchase MRRI’s interest at fair market value after the later of (a) 18 months of commercial production at Touquoy and (b) the point where 3 million tonnes of Touquoy ore has been processed, provided that at the date of notice to commence the option process, the 30 day average spot price of gold is at least CAD$1,400/oz.  Fair market value will be determined by