Golconda Gold Ltd V.GG

PEA: NPV 66.4 million and AISC US$864 / oz

[Aton]

Not bad cosidering m-cap of 34 million CAD, and low capital cost: US$13.4 million

 

• Pre-tax NPV (5%) of US$66.4 million; and
• All-in sustaining cash cost of US$864 per ounce of gold.

[Beabaggage]

I have increased my position by 33% in the selloff at US 0.07 last week.  But unless the price of gold moves up substantially juniors and explorers will probably continue weak.  Glad to see Summit has a plan now and they will do it themselves. In the aggregate along w other mine dont mind being patient here.  Bea 

[Aton]

And they seems confident of much more to come: ""The current life of Summit is only constrained by the known resource and, as we have done repeatedly at both Mupane and Galaxy, we expect that as we progress, we will extend life at depth through exploration.4""