Comparing to KAMSee the comparison?
WG:
Shares Outstanding: 112,358,390
Fully Diluted: 143,313,501
Cash: $10 million (if I remember correctly)
Share price: $.67
vs
KAM: Shares Outstanding: 123 million
Fully Diluted: 150 million
Cash: $10 million (if I remember correctly)
Share price: $1.08
https://kaminak.com/coffee/pea/
Robust Economics at US$1250/Oz Gold: Open-pit, Heap Leach Gold in Canada
Preliminary Economic Assessment Highlights (see June 10th, 2014 news release):
All amounts are in Canadian dollars unless otherwise indicated; base case is stated using a gold price of US$1,250 per ounce and an exchange rate of C$1.00 equal US$0.95
- NPV of $522 million at a 5% discount rate and an IRR of 32.8% before taxes and mining duties, and an NPV of $330 million and an IRR of 26.2% after taxes and mining duties
- Mine life of 11 years with peak production of 231,000 ounces per annum (Year 1) and average LOM production of 167,000 ounces of gold
- Average metallurgical recoveries of 88% gold
- 1,859,000 ounces LOM gold production at an average diluted grade of 1.23 g/t Au
- All-in sustaining costs* of US $688/oz (including royalties) for LOM, generating an Operating margin of over US $560/oz or 42%
- Initial capital costs of $305 million (including a 15% contingency)
- Payback of 1.8 years pre-tax and 2.0 years post-tax
- Gross Revenue of $2.4 Billion and Operating Cash-flow of $1.24 Billion
- Based on these results, Kaminak decided to move directly into Feasibility by launching an initial $12 million program for the remainder of 2014. For further details, please see July 28th, 2014 news release.
*All-in Sustaining Costs are presented as defined by the World Gold Council ("WGC") less Corporate G&A.
The Preliminary Economic Assessment (PEA) was prepared pursuant to National Instrument 43-101 (NI 43-101) and envisages an owner-operated, approximately 11-year open-pit mine targeting 53 million tonnes of primarily oxide facies material at an average diluted grade of 1.23 grams/tonne gold (g/t Au). The study incorporates a three-stage crushing circuit and a valley fill heap leach facility designed by Knight Piésold and Co., along with a standard carbon adsorption gold recovery plant to produce 1,859,000 ounces of gold doré over life of mine (LOM).
It should be noted that the study outlines several opportunities to further enhance economics and the current resource remains open along strike and to depth. Further, more than 20km of untested gold in soil anomalies remain to be evaluated and Kaminak remains confident that additional near surface oxide resources can be identified in the near term.
JDS Energy & Mining Inc. (JDS) was engaged by Kaminak Gold Corporation in 2013, under the direction of Fred Lightner (Director of Mine Development, Kaminak) to produce an independent Preliminary Economic Assessment (PEA) for the Coffee Gold Project. A technical report following the guidelines of the Canadian Securities Administrators' National Instrument 43-101 has been filed on Sedar and can be viewed here.