Spur Ventures Inc SPVEF

Metals & Mining Industrial Metals & Minerals

"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."

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Spur Ventures Inc > This quarter earnings

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Comment by onetimeron Mar 23, 2018 12:27pm

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RE:RE:This quarter earnings

Idle freebird

You keep saying there is that much free cash flow. They will be having certian expenses such as

1. repaying the $137 million dollar loan for MRC
2. $250 million starting in 2020 for the phase 2 expansion
3. pay out 40% of pre tax profits to the partner in MRC for touquoy and beaver dam ( Page 101 of phase 2 expansion for reference) or buyout in 18 months.. 700000 ounces at $1000 profit per oz. ( your figure) is life of mine profits of $70,000,000 and the partners get $28,000,000. what would they take for a buyout.
4. 225000 onces hedged at $1550 cdn reduces free cash flow.

I am in from $.80 and agree that the long term prospects are good, but the dividends wont be coming until at least 2023 afte phase 2 is producing for a while

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