RE: RE: What is Cantex worth based on AH Mine Profile
Sukari is situated on the Arabian-Nubian Shield, which covers the north-east African countries of Egypt, Ethiopia, Eritrea, Sudan and Saudi Arabia. The Sukari deposit is hosted by a large porphyry body, which is located on a regional shear zone providing favourable drilling conditions. There are several types of gold mineralisation found here including disseminated gold and shear-zone-related quartz vein. The name Sukari is thought to derive from the Arabic word for ‘sweet’ due to the quartz’s resemblance to sugar.
Sukari’s life-of-mine is estimated at around 18 years at present, based on its proven and probable gold reserves of 10.1 million ounces. Sukari has 13.13 million ounces of Measured and Indicated resources and 2.3 million ounces of Inferred resources. These are expected to grow further through exploration.
Centamin may have over a billion shares outstanding but they also have 200 million in cash. WCP is hoping to prove up 9 (Moz) at AH. Cantex will only have 30% in AH and by the time it gets to production will most likley have half a billion outstanding shares. Hope the Yukon is the wild card