RE:PEA Valuation Proxy for Queenie Couple of other points.
Dundee have great management, selected their mines to be low cost producers , used the robust cash flows to build up a cash hoard of $800 million in order to pay a dividend and to fund the capex for this new Serbian mine....great move, no equity dilution .
Dundee also is exploring the potential to utilize existing processing infrastructure from the company's 850,000-tonne-per-year processing facility currently in use at the Ada Tepe operation in Bulgaria, where mine life is expected to end in 2026.
While this is not currently expected to reduce initial capital expenditures, Dundee Precious sees several potential benefits, including derisking the project timeline in terms of long-lead items and supply chain risk, as well as the ability to leverage the company's processing expertise and maintenance practices.
Once again, seeking the most parsimonious use of their assets and cash.
Also, note that the PEA is based exclusuvely on Inferred Resources .
The drilling density was , on average holes 45 meters apart.
Anyone know how many holes have been drillied in the Keats Trench ( 200 m by 70 m ?
tks