Savary Gold - Fact Sheet Updated - Oct 26th 2015I missed this update until today. Posting link in case anyone else missed it:
https://www.savarygold.com/images/pdf/FactSheet/2015-10-26_Savary_Fact_Sheet_v3.pdf
Copying the new highlights from the fact sheet here:
Maiden resource of 671k oz @ 2.28 g/t gold at a total exploration cost, since Savary acquired the project of ~US$6.50/oz. Good visibility to expand the resource.
$1.6 mln in cash with enough money to conduct systematic exploration through to early 2017
Enterprise value of ~US$2 mln or US$5/oz compared to West African average of >US$15/oz (Red Cloud Number)
Exploration drilling expected to resume in Q1/16 (10 km of RC and core will be proposed to partner) with all-in cost of drilling of less than US$80 per meter to-date
Drill results expected by end of Q1/16 to beginning of Q2/16
Resource update expected by end of Q2/16 or early Q3/16