RE:Will the coming 2021 PEA study move the share price? YES....it will move it....niowhere......................
maybe they move it down .............for next whach of shares that directors and management will grant themsleves later this year..............for dumpin on us time after time...
checkmate28 wrote: Since the next meaningful catalyst will be the updated PEA study EOY 21, I did some homework to get some idea what effect the coming PEA might have on the share price.
The 2019 PEA Oxide resource Includes about 520oz AuEq. The production plan is for 38.6Tonnes of oxide material graded .51AuEq to be produced over 10yrs at an AISC of $500. Sensitivitys show $1700Au netting an NPV of 108M
Fast forward to the 2021 scenario.
The 43-101 currently shows 947,000 AuEqOz of oxide material at .60g/t. So double the resource with a 20% higher grade.
Surly CAPEX will not be doubled and sensitivitys should give a picture with even higher gold prices. The NPV should be well above $200M with a much better IRR.
From here, there's still much more upsides plus the sulfides to carry the mine life way out.
Finally we will start to see the potential of Taguas to be enormous.
My conclusion : The coming 2021 PEA study will be a catalyst that will move the share price.