Cosigo Resources Ltd V.CSG.H

Alternate Symbol(s): COSRF

Metals & Mining Industrial Metals & Minerals

Cosigo Resources Ltd. is a Canada-based junior exploration company. The principal business of the Company is the acquisition of interests in mineral applications and in mineral exploration licenses in Colombia and Brazil, South America. The Company is exploring for gold and lithium deposits. The Company has title to an area of approximately 10,000 hectares (ha) in the Taraira North, Vaupes Province of Colombia and has focused its efforts on an area referred to as the Machado Project. The Company also holds a 100% interest in the Willow Creek property, located in the northern sierras of Nevada near Winnemucca, a 100% interest in the Damian property in the Cordillera region of Colombia, and owns 13.26% of DHK Diamonds Inc., a company exploring for diamonds in the DO27 region of the NorthWest Territories of Canada. The Damian property is located in the Damian area, province of Cauca, Colombia.

TSXV:CSG.H - Post by User

Cosigo Resources Ltd

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Comment by junior_mineron Jan 03, 2009 7:40am

741 Views

Post# 15679627

RE: RE: Question For CSG Management

I re-checked what their feasibility study states.

370/oz cash cost includes following:
- typical onsite costs
- off site costs i.e. gold refining
- Durango office expenses
- Continuous site construction, leach pad and ponds. This is $1.5m annually.

Costs would total $17.8m per year.
That doesn't include modest depreciation of $0.5m per year or corporate taxes.

Revenue at $870/oz gold: 45m -18m = 27m, roughly 19.5m after tax.
PE<1.

Maybe the costs have risen a little bit, but on the other hand this doesn't even take El Sastre into account.
El Sastre seem to have at least ten years mine life left if/when they move to El Arenal zone and renegotiate Bridge and Lupita deals.

And then there's La Fortuna...

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