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Sixty North Gold Mining Ltd C.SXTY

Alternate Symbol(s):  SXNTF

Sixty NorthGold Mining Ltd. is a Canada-based company, which is developing mining operations for gold on the 100% owned Mon Gold Property, approximately 40 kilometers (km) north of Yellowknife, Northwest Territories (NWT). The Mon Gold Property consists of over 13 contiguous mining leases encompassing approximately 494.28 hectares and one mineral claim, comprising an additional 127.75 hectares, located in the South MacKenzie Mining District, NWT.


CSE:SXTY - Post by User

Post by blackgold14on Jun 16, 2021 11:18am
187 Views
Post# 33395235

Summer Bulk Sample To Produce Revenue of $9 -13.5 Million ?

Summer Bulk Sample To Produce Revenue of $9 -13.5 Million ?Assuming a gold price of US1,850 per ounce, a US-CAD exchange rate of 1.22, and 4,000 tons grading 1 oz/ton gold, the bulk sample should produce at least CAD$9 million in revenue.

If the bulk sample is 6,000 tons at the same grade, the revenue should be at least CAD$13.5 million.

The profit under either scenario should be massive due to the high grade/low tonnage dynamic (an operating cost of US$450 per ounce has been discussed by management as an estimate of next summer's 100 ton per day operation.

In short, it appears that the profit from the bulk sample this summer should result in the company having a big treasury which will be more than enough to finance the regular mining operation (12 months a year) which will commence next summer.  The profit from the regular mining operation will be massive. 

This is the most undervalued emerging gold producer I've seen in over 40 years.



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