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GoldMining Inc T.GOLD

Alternate Symbol(s):  GLDG

GoldMining Inc. is a mineral exploration company. The Company is focused on the acquisition, exploration, and development of projects in Brazil, Colombia, United States, Canada, and Peru. It controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, United States of America, Brazil, Colombia, and Peru. Its segments include U.S. GoldMining and Others. Its projects include Titiribi, La Mina, Yellowknife, Crucero, Nutmeg Mountain, Sao Jorge, Cachoeira, Yarumalito, Surubim, Boa Vista, Batistao, Montes Aureos, and Trinta. The Titiribi project is located in the Mid Cauca Belt of central Colombia. The La Mina property consists of two concession contracts and two concession contract applications covering 3,210 hectares. The Yellowknife Gold project is comprised of several properties (Nicholas Lake, Ormsby, Goodwin Lake, Clan Lake and Big Sky) that cover portions of the Yellowknife Greenstone Belt from 17 to 100 kilometers north of the town of Yellowknife.


TSX:GOLD - Post by User

Bullboard Posts
Comment by Shredar1956on Aug 18, 2020 5:02pm
450 Views
Post# 31425130

RE:Report on GoldMining

RE:Report on GoldMiningI admit to being slightly confused by cambridge report.  Report states they would get 335,000 oz if they were to get a royalty on all their existing properties.  So at the current gold price they would get only $700M.  Yet they would have to fund the developers to put the mines in production and thus the value in their properties is the 335,000 oz.  Dont know how much they would have to provide in terms of up front money, but even if a paltry 100-200M, whats the point of a .5-2% royalty that results in a small gold haul and a total profit of less than $600M on all 14 properties?  I may be reading the report wrong, so if anybody who can set me straight, that would be appreciated. 
Bullboard Posts