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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 May 26, 2015 4:19pm
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Post# 23766489

RE:RE:RE:Can this stock go to $5 - $10 a share?

RE:RE:RE:Can this stock go to $5 - $10 a share?I think the economic model on page 169 of the Zaruma PEA prepared last year was both detailed and realistic.  It assumed steady state mining rate of 250000 tpy (about 700 tpd) at a resource grade of 11.38 g/t and 25% dilution.  AISC came to about $850/oz.  With $1300 gold the annual after-tax cash flow was about US$34mm.  At a 5X multiple that gets the stock close to C$5/share.

Further upside would come from higher mining rate at Zaruma, trucking high grade ore from Dynasty Godlfield, and development of Jerusalem.
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