Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Xali Gold Corp V.XGC

Alternate Symbol(s):  CGDXF

Xali Gold Corp. is a Canada-based mineral exploration company that has gold and silver projects in Peru and Mexico. It operates in three geographical areas: Peru, Mexico and Canada. Its Mexican Properties include El Oro Hard Rock, El Oro Tailings and Western Mexico. Its Peruvian Properties include Tres Marias. Its flagship asset, El Oro Project, is a gold project encompassing the gold-silver epithermal vein system in Mexico. The El Oro project covers 20 veins with past production and more than 57 veins in total, which consists of approximately 6.4 million ounces of gold and 74 million ounces of silver. The El Dorado Property is in the Pacific Coastal Plain, State of Nayarit, approximately 50 kilometers (km) south of the San Dieguito de Arriba (SDA) Plant. SDA is located in Nayarit, Western Mexico and consists of a flotation plant which also includes a precious metals leach circuit. Tres Marias is located within an emerging epithermal gold, silver and polymetallic belt of southern Peru.


TSXV:XGC - Post by User

Post by horsewithnonameon May 11, 2024 3:25am
243 Views
Post# 36034977

how much is an ounce worth in El Oro?

how much is an ounce worth in El Oro?Correct me if I am wrong please:


Xali just signed the new tailings contract.
110000 ounces gold 70% recovery, means about 75000 ounces for sale
3 Mio ounces silver 80% recovery, means 2.4 Million pounds or ad current market prices about 25000 gold ounce eq

If I understand NSR correctly it is gross proceeds minus transport costs and smelter costs so lets say 500 USD per ounce leaving 1800 USD per ounce

So the base to calculate Xalis NSR would be 1800x100000 or 180Mio of which 4% are 7.2 Million USD
So this would mean an ounce gold in the ground in El Oro would be worth about 72 USD

Lets see how the backfill contract will take this into acount?

Also note that 7.2 Miillion USD are signifcantly more than our overall market capitialization.

I think it is time for the Xali management to ensure that the contracts they sign are functional and executable - the tailings project is lingering around for 10 years now and we have seen the idea of doing it ourselfs, or giving to third parties that can not live up to their committments - mangagment is responsible for selcting the right partners. This time I think it could work. GLTA

<< Previous
Bullboard Posts
Next >>