RE: RE: RE: OT - GREAT Royalty Aquisition PMI Gold indeed has a great project in Ghana with Obotan. On all metrics, except perhaps the exploration potential, it is superior when compared to Keegan. On the board of Sandstorm I suggested a few days ago for Sandstorm to buy a royalty for this project.
ASE.V will have a 1% royalty on a soon to be producing project of 220,000 yearly ounces. That is $ 3.7 million cash flow a year starting 2014. They have 20 million shares + 10 million warrants + 45 million shares to be issued for this deal. That is a market cap of $ 19 million fully diluted and thus 5 times cashflow. Outchhh ! Great find, thanks for sharing.