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Teranga Gold Corporation T.TGZ

Metals & Mining Industrial Metals & Minerals
Teranga Gold Corp is a Canadian-based gold company with assets is production, development, and exploration situated on prospective gold belts across West Africa in Burkina Faso, Cote d'lvoire and Senegal.


TSX:TGZ - Post by User

Teranga Gold Corporation > Banfora NPV
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Post by ts9222on Oct 01, 2017 6:45am
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Post# 26763547

Banfora NPV

Banfora NPVCompare these projects

Banfora
NPV $90m
Pre-production capex $232m

GCM Segovia
https://www.stockhouse.com/news/press-releases/2017/09/28/gran-colombia-gold-files-national-instrument-43-101-preliminary-economic
NPV $178m
Pre-production capex $0 (already paid and operating)


GCM Segovia has twice the NPV of Banfora and is already a producing mine.
Banfora initial capex of US$232m is way higher than the entire market cap of GCM CAD$42m and higher than the fully diluted Enterprise Value of GCM.

Instead of waiting for 2 years to build Banfora, you can get an already operating mine for cheaper that is already generating positive free cash flow with double the NPV. Banfora production is expected to be 131k oz/yr. GCM latest 12 month production was 165k oz/yr and should increase to around 195k oz next year.

Recent drill results had many bonanza grade 200 g/t drill holes.
https://www.stockhouse.com/news/press-releases/2017/09/18/gran-colombia-gold-announces-multiple-high-grade-drill-results-from-its-2017









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