RE:RE:RE:Valuation Look at steppe gold. They have a mine built already with almost 60% of the mine life as BK already has. As it is BK mine life can be extended another 2-3 years with a little more drilling. So that would make it 8-9 year mine life with 60-70k production a year.
prospectivity is high. They will likely find a lot more ounces. BK has got to where it is (shovel ready) with probably 25 million invested in drilling, economic studies, permits etc. This just doesn't happen in the western countries as drilling and other activities are a lot more expensive. Return on capital invested has been tremendous. They have just raised 20 million with probably another 20 million in the money with warrants. They already have enough cash once PP closes to finance the equity piece of mine and have enough cash to do 20,000 m drilling in next 12-18 months. That's probably the minimum number and while they do that they will start building the mine by late this year or Jan/feb 2021. So a lot of things will be happening in next 6 months.