highlights from Chesapeake's presentation at DenveHighlights from Chesapeak's presentation at recent Denver Gold Forum as seen by Analyst in crowd (sent to me):
Chesapeake Gold (CKG : TSX-V | SPEC BUY, C$21.50)
• First time presenting at Denver.
• Pre-feasibility study due out in next few weeks. Will partially convert resources to reserves.
• Gas pipeline to be built by Mexican gov't should allow company to reduce some power costs as plant will be gas fired instead of coal fired previously assumed.
• Low stripping ratio of 1:1.
• Concentrate very reactive in autoclave with low temp, pressure and residence time.
• Make gold-silver dore and zinc ingots on site (reduces transportation costs associated with shipping con).
• Cost inflation felt in the industry will likely lead to higher capex and opex estimates in upcoming pre-feasibility vs. PEA filed last year.
• Previous estimates: $3.157 billion initial capex, $566 million opex0
• Key near term potential catalyst, beyond PFS, is Barrick/Goldcorp's execution on ramp-up at Pueblo Veijo (PV). Identical flow sheet and if PV demonstrates good gold and particularly silver recoveries, Chesapeake's Metates project has the potential to be substantially de-risked by the market and the company would be increasingly perceived as a prime M&A target, in our view.
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Also on my radar is Abcourt Mines Inc. (TSX-V: ABI) (Pink Sheets: ABMBF) (Frankfurt: AML) which is has 2 near-term production scenarios with reopening of the historic Elder gold mine in Quebec as a priority; From 1944 to 1964 the Elder Gold Mine produced 350,000 ounces of gold. See related insight/synopsis of the investment op here https://miningmarketwatch.net/abi.htm -- in short; dewatering is nearing completion, infrastructure is being upgraded, equipment has been purchased, and a Preliminary Economic Assessment is expected by the end of this September. Currently trading under CDN$0.12 cents per share ABI.V has a market cap under $21M CAD, is capitalized to meet near-term obligations, has no long-term debt, and possesses resources of significance (~20 million ounces silver, ~610 million lbs zinc, ~405,000 oz gold) with large growth potential that appear to position it as grossly undervalued.