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Roscan Gold Corp V.ROS

Alternate Symbol(s):  RCGCF

Roscan Gold Corporation is a Canada-based gold exploration stage company. The Company is focused on expanding its resource footprint in West Africa. The Company has assembled a significant land position in the prolific gold prospective Birimian rocks of west Mali. Its Kandiole Project consists of its exploration properties located in West Mali. Kandiole Project is comprised of approximately nine contiguous gold prospective permits, encompassing approximately 402 square kilometers, located within the Kenieba Cercle, an administrative sub-area of the Kayes Region, approximately 400 kilometers west of Bamako, the capital of Mali in West Africa.


TSXV:ROS - Post by User

Comment by CassiarKing2006on Jan 03, 2023 12:34pm
172 Views
Post# 35200915

RE:B2 Deal

RE:B2 DealRoscan has undoubtedly been talking to a number of major gold companies, with interests in Mali. The current price of gold is, today, sitting at $2505 per oz Canadian. At 5 percent , that works out to a value of $125.25 CDN per oz. I am using 5% because open pit mining is considerably less expensive then underground. Using your numbers, you are suggesting that Roscan shareholers would get $304 million dollars ( 380,000,000 shares outstanding divided 80 cents = $304,000,000 )  Now , if we got  $50.00 an oz would that not suggest  that there are ( 304,000,000/50.00 = 6,080,000 oz  ) This number is probably why Osisko got in on the prodction royalty side. And Roscan is still drilling finding more gold. Bring on the maid resource report, should be very interesting .  
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