RE: feasibility study looks ok? dissapointing me thinks, espacially in comparison with other projects at same stage.
Marketcap 300million , if they would try to finance this stage one development 100% equity it would be 320million basic.
bottom line:
- higher than estimated cash costs
- lower than even low case estmated production (87k AuEQ is not great)
- base case uses a rel high Gold price, compared to other recently released BFS
for 400million i could buy much much better already producing assets.