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Montage Gold Corp V.MAU

Alternate Symbol(s):  MAUTF

Montage Gold Corp. is a Canada-based mineral resource company. The Company is engaged in the exploration and development of mineral properties in Cote d’Ivoire including the Kone gold project (Kone project) which is at the feasibility stage. The Kone Gold Project is located approximately 350 kilometers north-west of Yamoussoukro, the political capital of Cote d’Ivoire, and approximately 600 kilometers north-west of Abidjan, the commercial capital of the country. The Kone project includes the Kone Exploitation Permit (PE0061), the Farandougou Exploration Permit (PR 748), the Sisseple North Exploration Permit (PR 879b), the Mankono acquired properties (Mankono Acquisition), and two Exploration Permit applications located in the area near the Kone project. The total project area comprises six exploration permits (covering 1,801 square kilometers (km2)) plus an additional two applications (458 km2), for a total contiguous area of 2,259 km2.


TSXV:MAU - Post by User

Comment by kkkrrron Mar 09, 2022 6:33pm
135 Views
Post# 34501310

RE:RE:RE:RE:RE:RE:speculation....Perseus buys Orca for getting Kone...

RE:RE:RE:RE:RE:RE:speculation....Perseus buys Orca for getting Kone...The release of our Definitive Feasibility Study ("DFS") results on February 14, 2022, illustrated the expected robust economics of the KGP with a long potential mine life of 14.8 years, producing an estimated average of 207koz/year at all-in sustaining costs (non-GAAP) of $933/oz. During the first 5 years of production, the Project is expected to produce 272koz/year with a payback period of 2.7 years at a gold price of $1,600/oz. Investment interest in the Project has increased significantly following the release of the DFS and we look forward to commencing the project financing mandate which will run in parallel with our ongoing permitting efforts."


and all this without satellite deposits.. huge upside here...
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