RE:JOKE JOKE JOKE!As usual the expert at half-truths, distortion and outright BS, Treetop, only tells half the story. Why didn't you post his subsequent post (as follows) Treetop??? This poster did question the info on AGG I posted and I replied by suggesting he check out the PEA and the August corporate update.
You are truly a manipulative c0(ksu(ker Treetop.
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"Is it the document you are refering to: Kobada Gold Project Mineral Resource Estimate and Preliminary Economic Assessment
AFRICAN GOLD GROUP INC. Effective Date: 25 November 2014
If yes then look at number in page 5:
1.8 Economic Assessment The economic assessment set out in this report was based on a pit design which included Measured, Indicated and Inferred Mineral Resource. Production schedules were completed and used for cash flow modelling. The key elements of the cash flow model are:
Pre-production capital expenditure – US$46.6 million;
Life of mine (LOM) sustaining capital – US$18.6 million
Average annual gold production of 44,100 Au oz;
AGG Mali SARL undiscounted cashflow – US$197 million;
AGG Mali SARL average annual cashflow - US$13.1 million;
After tax and distributions NPV at 5% discount rate - US$126 million;
After tax and distributions NPV at 10% discount rate - US$85 million
Internal Rate of Return (after taxation) – 114%.
Nobody is arguing about the value of the property - this is as good as RBX no questions ask."
Actually Kobada is far superior to RBX's property in every metric.