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Core Gold DMMIF

Metals & Mining Industrial Metals & Minerals
Core Gold Inc is a gold mining company based in Canada with all operations in Southern Ecuador. The company primarily explores for gold and silver. Some of its projects includes Zaruma Mine & Portovelo Mill, Dynasty Goldfield and Copper Duke Project.


OTCQX:DMMIF - Post by User

Core Gold
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Comment by mtsuiton Apr 11, 2013 3:52pm
175 Views
Post# 21243576

RE: RE: question for board

RE: RE: question for board

My guess for commercial output is 800tpd, 10 g/t ore grade with dilution, 92% recovery, 350 daysyear operation = 82,800 ounces/year

At $1550 POG, a 3% royalty, $2.5mm/month opex, and $6mm/year overhead = $85mm/year operating cash flow

It feels like it's close, but they have to prove they can access enough high grade ore

 

 

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