SMALL AND BEAUTIFUL AND VERY PROFITABLENot all ounces in the ground are alike and not all mining stock investors are alike.
Some of us are chasing ( potential or future ) monster deposits with related monster capex, I very much like and focus on near production situations with ( very ) compelling economics.
And yes small can be beautiful and very profitable ( and make you money as an investor ).
What to think about :
- high grade gold ( past production grades between 3.6 and 5.2 gr/t )
- near surface and open pittable ( low capex and low opex )
- extremely high recoveries ( 95% + )
- toll milling approach ( meaning accelerated permitting and no investments in own mill for now )
- no project financing risk ( all presumed capex cost taken care off by SCR )
A potential of producing up to 30K ounces per year ( depending on the chosen LOM ) to start with and with a big potential to extend.
And all this for sale for an EV of below 4 M C$ ( for now ).
So some very interesting days ahead in November.
Good luck.
Long ORX