Columbus Gold Corp CGTFF

Metals & Mining Industrial Metals & Minerals

"Columbus Gold Corp operates in the gold mining industry. The company acquires, develops, explores and evaluates gold in French Guiana. It owns two main projects and other projects. Montagne d'Or Gold project which is comprised of eight mining concessions and Eastside Gold project hosts a large area of shallow oxide gold mineralization. It principally operates in three geographical areas those are Canada, United States, and France."

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Columbus Gold Corp > For What It's Worth

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Comment by AltaRounderon May 14, 2017 11:08pm

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RE:RE:RE:For What It's Worth

I don't think Guistra would sell at anything near 1.50 cdn. He has said they can get the NPV easily over 400 MM US with infill drilling and capital optimization. If CBG doesn't participate in mine construction Nord would have to pay 100% of the mine construction costs of say 400 M and Columbus would still own 18% (Est. Diluted ownership) of the reserves by doing nothing. Either way Nord will have to start planning to part with a lot of cash or maybe both parties put the whole thing up for sale to see what interest there is? I'm not sure what happens if both don't want to construct.

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