Bullboard - Stock Discussion Forum DFR Gold Inc V.DFR

Alternate Symbol(s): DFIFF

Metals & Mining Industrial Metals & Minerals

DFR Gold Inc. is an exploration and mine development company. The Company is focused on gold and other commodities in West Africa. The Company's projects include Cascades, Kalaka, Gurara JV, and Beravina. The Company has an 80% interest in the Cascades project which is in stable southern Burkina Faso. The Cascades Project lies in the Banfora Birimian Greenstone Belt, one of the three major... see more

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TSXV:DFR - Post Discussion

DFR Gold Inc > Great Deal

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Post by FatCat100 on May 17, 2019 2:12pm

Great Deal

Love this deal - free carry, no capex, no opex, no dilution, 9% oof sales - a great partner - Denham is the best one can get - and then we have a June 2023 deadline for production - that will be good cash flow in just a few years time if all goes to plan. My calculations say at least US$2m / annum in cash flow from June 2023 when in production. This is probabyl low. Bet it will be much higher as mine rate seems low for resource size. See https://www.finnewsnetwork.com.au/archives/finance_news_network23375.html
We now have US$1m in sales from Namibia - maybe $2m if IMDH comes back soon to offshore property for another mining run. Then we will get a cash pmt of $2m (hopefully in Q3 or Q4) and then this free carry. Maybe now company can turn to Red Sea - like to see some action there. A great deposit .- huge resource.

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Comment by Quetzal on Sep 16, 2019 3:36pm

It's about time! I follow DFR since 2007... And I wait for RedSea since 2010... It's just time to have some very very big reward.. Evaluate Red Sea at 20B in 2010... So anyone can update value? Have a nice day

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DFR Gold Inc