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Cardinal Resources Limited. CRDNF

Metals & Mining Industrial Metals & Minerals
Cardinal Resources Limited is an African gold-focused exploration and development company which holds interests in tenements within Ghana, West Africa. The Company is focused on the development of the Namdini project.


GREY:CRDNF - Post by User

Cardinal Resources Limited. > I don't get it?
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Post by mercedesmanon Oct 28, 2019 10:32am
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Post# 30276264

I don't get it?

I don't get it?The numbers - are outstanding !


Namdini Project Net Present Value (NPV) and Internal Rate of Return (IRR) at US$1,350/oz: 

Pre-Tax   $914 M USD

Post tax - $ 590 M USD

Pre-tax IRR 43 %

Cap-Ex Payback 21 months

$ 1.46 billion USD in Pre-tax cash flow over life of mine.

The Regional land package may also have potential to define satellite pits with close proximity to Namdini. Recent results from drilling completed within the Ndongo Project, located approximately 24 km north of Namdini are within hauling distance.2 Drill testing new zones of highgrade gold mineralisation to define satellite pits will recommence soon.


Current Market Cap  $ 115M   (Post Tax NPV 590M or 5 times current MC)

Mali Security?   HIre an army.   Allocate $ 50M to security ! 

Thoughts?
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