Guyana Goldfields Inc New GUYFF

Avnel would be probably our top pick in the development spac

[EdgarL]

A little-followed name with near-term catalysts is Avnel Gold Mining Ltd. (AVK:TSX), which has an 80% interest in the Kalana gold project in southern Mali. The company should release a definitive feasibility study in Q1/16 that will build upon a preliminary economic assessment (PEA) that it released in early 2014. The resource is about 2.8 million ounces (2.8 Moz) in the Measured and Indicated category at an average diluted grade of about 2.85 g/t, which is actually quite good for an open pit. Given the high-grade nature of the deposit, it should have an internal rate of return close to 50% at a gold price of $1,100/oz, which is quite impressive.
https://www.theaureport.com/pub/na/16825?utm_source=delivra&utm_medium=email&utm_campaign=Gold+Final+12%2D7%2D15