Newcore Gold Ltd V.NCAU

Alternate Symbol(s): NCAUF

Metals & Mining Gold

Newcore Gold Ltd. is a Canada-based company. The Company is engaged principally in the acquisition, advancement, and development of precious mineral properties, particularly its Enchi Gold Project in Ghana. The Company hosts an indicated mineral resource of 743,500 ounces of gold at 0.55 g/t and an inferred mineral resource of 972,000 ounces of gold at 0.65 g/t in a district hosting several five-million-ounce gold deposits. This approximately 216 square kilometers (km2) land package covers 40 kilometers of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several five-million-ounce gold deposits, including the Chirano mine 50 kilometers to the north. The property remains substantially underexplored, with several geochemical and geophysical anomalies yet to be tested by drilling.

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Newcore Gold Ltd

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Post by kkkrrron Jun 14, 2021 9:00am

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Post# 33380719

impressive NPV in relation to the marketcap here...

At a gold price of $1,850/oz: $471 million pre-tax NPV5% and a 69% pre-tax IRR, $302 million after-tax NPV5%, and a 54% after-tax IRR.
Initial capital costs estimated at $97 million, with a short after-tax payback of 2.3 years.

...and further upside because the deposit grows and grows...