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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."


OTCQX:CGTFF - Post by User

Columbus Gold Corp > Official JV to develop M d'Or
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Comment by grape562000on Sep 27, 2017 3:33pm
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Post# 26750006

RE:RE:RE:RE:RE:RE:Official JV to develop M d'Or

RE:RE:RE:RE:RE:RE:Official JV to develop M d'OrIt is explained here (I found this in other documents but decided to post this as it contained other relevant commentary.)

https://goldnewsletter.com/go/columbusgold/index.php

Basically, Columbus stake in Montagne D'Or (of they do not participate in its' development) is dependant on the cost to build the mine. If the mine costs $560M and Nord funds it themselves, Columbus would be diluted to 10%. If the mine build costs $250M, Columbus retains 27%.

It is discussed/explained about halfway down the attached newsletter.
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