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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 Jun 13, 2016 11:15am
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Post# 24960198

RE:RE:RE:Strange

RE:RE:RE:StrangeThat's just it.  I don't think it's possible to raise $900mm to build FDN.  The capex is too high and the IRR is too low.  They need time to optimize the mine plan and wait for a higher gold price.

Buying Dynasty would provide valuable in-country assets and an appealing capital markets story (raise an affordable $20-30mm now with a quick payback).  Operating experience from Zaruma and DGF would then benefit the future startup of FDN.
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Dealroom for high-potential pre-IPO opportunities