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Spur Ventures Inc SPVEF

"Atlantic Gold Corp is engaged in the acquisition, exploration, and development of mineral properties. The company explores for gold. It holds interests in the Moose River Consolidated Project comprising the Touquoy and the Beaver Dam gold deposits; the Cochrane Hill gold deposit; and the Fifteen Mile Stream deposit. All the business activity is primarily functioned through the region of Canada."


OTCPK:SPVEF - Post by User

Comment by onetimeron Jan 30, 2018 11:51am
102 Views
Post# 27463133

RE:RE:The math says $1 billion of profits

RE:RE:The math says $1 billion of profits
Hi Idlefreebird.

Even thier press release states the combined NPV after tax is $422 million.

Table 2 – Initial Phase 1 + Phase 2 Economics

Gold price: US$1,300
@ 0.8 USD/CAD

Amount

Pre-tax NPV (5%)

$ 612 million

Post-tax NPV (5%)

$ 422 million

   

Initial capital cost ($CAD)

$ 396 million

LoM cash operating cost ($CAD/oz.)

$ 643

LoM AISC ($CAD/oz.)

$ 692

   

Total LoM gold production (000's oz)

1,460

Average annual gold production (000's oz)

162

LoM waste/ore ratio

3.0:1

Average grade (g/t) Au

1.28

IRR (post-tax)

35%


Read more at https://www.stockhouse.com/news/press-releases/2018/01/29/atlantic-gold-new-life-of-mine-plan-at-mrc-boosts-gold-production-above-200-000#8D1sup5BhYAHc4sQ.99
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