RE: RE: Anonymous Brien Lundin May 24 2012
Seafield's preliminary assessment for the Miraflores deposit in Colombia estimates a $249-million net present value, assuming a gold price of $1,500 an ounce. It also estimates total production of 185,180 ounces gold over 14 years, with cash costs at only $524 an ounce for the first eight years. Metallurgical test results show recovery rates between 95 and 97 per cent, for gravity concentration followed by flotation from tailings. Mr. Lundin notes Seafield has a high upside potential, given a market cap of only $23.6-million. As well as Miraflores, Seafield owns the Dosquebradas gold deposit, also in Colombia.
Why is SFF so cheap? Something out of alignment here.