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ODIN MINING AND EXPLORATION LTD V.ODN

"Odin Mining and Exploration Ltd is a precious and base metals exploration and development company. It is engaged in the acquisition, exploration and development of mineral resources in Ecuador. Its project includes Cangrejos project."


TSXV:ODN - Post by User

Comment by Pactoluson Nov 27, 2024 3:12pm
133 Views
Post# 36334212

RE:A couple more important developmental milestones achieved.

RE:A couple more important developmental milestones achieved.I agree, good to see this moving forward. Sliding scale royalty rates are interesting, at the current price of gold they will be 5%. That's above the 3% target in the PFS, but the PFS was at $1,650/oz gold. Paying 8% royalties on $3,300/oz gold would be a good problem to have! Great to have some certainty. Marshall was expecting to release FS metallurgical tests before the end of the year. I hope we'll see those in the next week or so. Potentially we'll also hear about progress on the EIS as well (Ross will ensure that is stellar). A string of good news should get the SP moving.
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