RE:RE:RE:RE:RE:RE:RE:RE:RE:GREAT ! Roscan testing shows 97.6% recovery from Kandiole As reported on the Montage Gold website, the initial capital required to construct the plant is $ 490 million. Considering your anticipation that the Kone project will sell for $ 300-400 million, the buyer will need to invest between US $ 790-890 million before producing their first ounce of gold. You can continue to dream because it is a considerable sum that few gold companies will want to spend in Africa. In order for a permit to be attractive to a potential buyer, it must indeed be profitable, but it must also be the most profitable project among all the projects. Unfortunately, Kone is not one of those.
Endeavor is probably the only company that has the financial capacity to finance such a project in this geographic area. But don't kid yourself, Kone is incompatible with its business model.
For Roscan, I still say that $ 100,000,000 is far too much, considering the current value of this single permit. Don't just do the math. You also need to think about it to better understand the level of risk you are taking.
If you want to get a glimpse of where Roscan will go, you can look at the African Gold Group 5-year chart. Despite the constant increase in mineral reserves, the stock price has always declined due to shareholder dilution. The sooner you understand this phenomenon, the better it will be for you ...