Market cap 28M at 28 cents.....just sold one asset for 60MHello....this deal was conceived in February....when gold was 1900-2k range....do you really think it wont happen now with gold over 2300 or even if over 2k?
This is now a done deal...and should be counted as cash....puts value of company at 60M or so....(60 cents)....without counting exisiting assets and mines...
Huge upside here.
Subsequent to the recent capital investment program at MDN, the mine is now positioned to start to generate meaningful cash flows to address the balance sheet. In 2023, the construction of a new heap leaching operation at the Las Calandrias South deposit, capable of supporting annual production in the 25-30K oz range once at full capacity, was completed. The mine also undertook the pre stripping required to open up the Calandrias North deposit to send to the CIL plant. The operations are on target to sustain historical production rates of between 50-60K ozs per annum going forward at reduced cash costs relative to previous years.
How do you spell cash cow? CERT