GREY:CGOOF - Post by User
Comment by
kkkrrron Jan 16, 2019 9:35pm
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Post# 29243276
RE:RE:RE:In mining, success is relative
RE:RE:RE:In mining, success is relative
this capex -requirement is arealdy known ... you really thin 100 million USD more capex will make this deposit uneconomic? the test-mining indicates they will be able mine much higher grades as they anounced inde Feasibility study , the BMZ are a new fact and lot of exploration upside... the minelife will be much longer ..in my opinion 25 years or more... 100million USD more capex will longer they payback time by one year ... this is no catastrophe ... stay cool!!! this is a world-class project...
..by the way..Alacer gold recently delivered its Sulfide-plant (appr. 700 million USD capex) 10% below budget......they now have a debt of 350 million USD at the balance sheet and will pay the debt down over 3 years..no big deal! theit marketcap is 770 million CAD
..CNL has an marketcap of only..377 million CAD and nearly the same economics.... both are cheap and we have NEM as a partner/investor.