RE:RE:15% IRR for BanforaI don't think there's a question that they will find more gold, I think the street is expecting a significant improvement from Gryphon's initial FS vs Teranga's FS thus today's stock reaction
and you're correct to assume that its dead money for awhile not sure about 3 years but 18 months minimum with a range of 3-3.50
kkkrrr wrote: Dissapointing study on the he first view BUT ..they will find much more gold there and bri g inferred into indicatad.. so the minefife will be extended and maybe the mining plan will change ... AISC are low witb 800$ per oz... the company already was undervalued, so there is no big downside here ... at POG 1300$ TGZ is undervalued .. but there projects are more risky in relation to other miners... Banfora has the same problems like Sabodala..a lot of pits to open and stripping costs every year... the question is..whats left for shareholders down the road? I fear dead money for the next 3 years unless POG rises to 1400$