Hedgeless Horseman on BOGO's Value Proposition Erik Wetterling of The Hedgeless Horseman on the KE Report - Borealis Mining's (BOGO.v) Value Proposition: https://www.youtube.com/watch?v=w3jeLo_G0ok
Having announced the acquisition of Gold Bull Resources last week, Borealis Mining (BOGO.v) is 'unlocking synergies' in Nevada with the Sandman Project, a ~500,000 oz resource that is profitable at current gold prices.
Merger Significance:
- BOGO has the infrastructure (ADR plant and permits) to bring Sandman into production.
- Combines near-term cash flow potential with additional exploration upside.
- Leverages BOGO's experienced team and financial backing.
- Positioned to monetize undervalued assets in a market where "it's cheaper to buy ounces than find them".
- Addition of 433,000 indicated and 60,800 inferred gold ounces to Borealis' portfolio.
The Sandman Project features a low initial capex of $31.5M, high IRR of 81% and NPV of $121M (based on the 2023 PEA) and average annual gold production of 37.9k oz and post-tax cash flows of $22.9M at $1,800/oz gold.
Plus, this acquisition advances BOGO's goal of becoming a mid-tier gold producer by adding high-margin gold assets in Nevada to the company's future gold production profile.
Full News Release: https://borealismining.com/2024/12/borealis-mining-announces-acquisition-of-gold-bull-resources/
Posted on Behalf of Borealis Mining Company Ltd.