RE:RE:Centamin sentimentsmarben100 wrote: Thanks MM,
This looks most interesting, with 2.1Moz of indicated resource discovered so far.
I guess EDV would have to take a view on whether the economics of this project fit their "magic quadrant" (> 10 year mine life, < $900/oz AISC).
If so, with over $800m sitting in the bank, EDV could easily afford to buy the property for cash if a reasonable price can be agreed, without stretching the balance sheet. There's several years of exploration & study work to do before the project was ready for development, so would add to the strong "optionality" EDV already has for future capital deployment.
I'm sure the BF government would be delighted for a company with EDV's track record to take that project over.
Best,
Mark
Depends, I guess, if there is more to discover at or around Batie West.
So far :
2.1 M oz (M&I)
8.5 LOM
average AISC $ 998
Anyway - it seems like there is no shortage of opportunties in BF and Ivory Coast.
I'm sure they are weighiing the advantages of more development in BF (near to existing infrastructure, Gov't and community relationships) vs the disadvantages (less country diversification, etc.)
https://www.globalminingreview.com/exploration-development/27052021/centamin-announces-west-african-exploration-portfolio-review-results/