Freegold Ventures Limited T.FVL

Alternate Symbol(s): FGOVF

Metals & Mining Gold

Freegold Ventures Limited is a Canada-based company focused on exploration in Alaska. The Company holds Golden Summit Gold Project near Fairbanks and Shorty Creek Copper-Gold Project near Livengood through leases. The Golden Summit Project is a road-accessible gold exploration project near Fairbanks, Alaska. The project comprises approximately 53 patented claims, 107 unpatented federal claims, and 244 State of Alaska claims that cover a total area of 6,110.4 hectares. The property includes Keystone Claims, Newsboy Claims, Tolovana Claims, Green Claims, Chatham Claims, Alaska Mental Health Trust Property, Alaska Mining and Development Property, Discovery Claims, and Cheechako Claims. The property includes three main rock units: Fairbanks Schist, Chatanika Terrane and intrusive rocks. The Shorty Creek Project is 120 kilometers northwest of Fairbanks, Alaska and four kilometers south of the all-weather paved Elliott Highway within the Livengood-Tolovana Mining District.

TSX:FVL - Post by User

Freegold Ventures Limited

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Comment by goldhunter11on Jun 18, 2020 8:53am

141 Views

Post# 31163869

RE:RE:@ gold price $1500 NPV@ 5 % = $339 million.

Just had a quick reading og the Tetra Tech Technical Report NI-43-101 (Sedar) dated 11 May 2016, and it would appear that all cost figures are in US dollars (could someone confirm?) hence the NPV values (@5%) on slide 11 would be in USD, which means US $500M x 1.25 = Cdn $625M which is better. But to be conservative $500M (in Cdn) would be good enough as an extrapolated NPV for USD 1700/oz.
GH11
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goldhunter11 wrote: artofwar,
A quick way to find out approximately the NPV for 1700/0z is by extrapolation of the results shown in Slide 11 of the corp presentation (link below). The results would be good enough for us non-professional number cruncher: With a hand drawn graph on a piece of paper, one could get something like an NPV of about $500M (assuming it's Cdn $) for US$1700/oz, which is quite good compared to a Market Cap of $165M (at $0.75/s).

It should be noted that, this PEA was for a constrained pit, hence any increase in the RE resulting from an enlarged pit (extended in the north, west, south, NW covering the "projected corridor" leading to Cleary Hill Mine (Slide 13), and depth would increase the NPV by a significant factor, judging from the potential additional RE from these potential expansions.

There would be no use for Kinross to pretend to sleep during a development just few km north of their Fort Knox Mine, which is running out of ores in a few years. FVL has resumed its drilling, Phase 1 with 10000 m starting with hole GSDL2002 (16 June 2020 NR).
GH11
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artofwar wrote: https://www.freegoldventures.com/investors/presentations/

any thought about how they calcuate the NPV ?

@ gold price $1500 NPV@ 5 % = $339 million.