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Corvus Gold Inc. KOR

Corvus Gold Inc is a Canadian mineral exploration company. It is engaged in the acquisition, exploration, and development of mineral properties. The company holds interests in the North Bullfrog Project and the Mother Lode Property in Nevada. Geographically, it has a presence in the United States and Canada. The North Bullfrog project represents a low-sulphidation, epithermal bulk-tonnage gold system based in volcanic and sedimentary rocks. Its Mother Lode project has many federal unpatented...


NDAQ:KOR - Post by User

Comment by CovieNRAon Sep 20, 2018 1:36pm
58 Views
Post# 28657123

RE:RE:RE:RE:Fully loaded cost per ounce of production

RE:RE:RE:RE:Fully loaded cost per ounce of productionGeez, where do I start? You do understand what operating margin is, right? Creating a fully operational mine is not an inexpensive proposition. That is why I emphasize a FULLY loaded cost. Cost is cost, whether it is direct or indirect and must be accounted for properly. To see a major mining operation created for less than $1000 / ounce, unless the property has exceptionally high grades like 3 or 4+ g / ton over a large interval, is exceptionally rare. FWIW, I think they will eventually prove up 3-5 million ounces over all of their properties - but the economics will be everything. Look at ITH, where Pontius used to be. 8 million proven ounces, but the economics are bad - a low grade property requiring $1270 an ounce just to get it out of the ground. That is why it is at $0.50 a share right now. If the grades were much higher, the SP would be about where Corvus is at the moment. I'm hoping the PEA does show $1000 or less, we shall see. If it does, Corvus could be bought out for $6-8 a share, maybe higher.
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