EnviroGold Global Limited. C.NVRO

Equity Research Firm Updates EnviroGold Global Analysis

[Betteryear2]

TORONTO, Feb. 25, 2022 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: RGOZF |FSE: YGK) (“EnviroGold Global” or the “Company“), a Clean Technology Company accelerating the world’s transition to a circular-resource economy through the production of Metals Without Mining, is covered by Red Cloud Securities Inc (“Red Cloud”). Red Cloud Mining Analyst Koby Kushner, P.Eng, initiated coverage of EnviroGold Global on January 27, 2022 with a “Buy (S)” rating and a target price of C$ 0.70/share.

The initiating report, titled “One Mine’s Trash is EnviroGold’s Treasure”, is available via Red Cloud Securities at the following link: https://bit.ly/RedCloudReportLink

On February 22nd, 2022, the “Buy (S)” rating was affirmed and the target price revised from C$ 0.70 to C$ 0.80 with an update to the initiating report titled, “Hellyer Definitive Agreement Signed; Project Financing Next”. The updated report is available at the following link: https://bit.ly/RedCloudFebUpdate

Red Cloud is a registered Investment Dealer in all Canadian Provinces and Territories and is a member of the Investment Industry Organization of Canada (IIROC). Red Cloud’s Research Division offers extensive junior mining coverage with research on 90+ companies across all key metal sectors.

Any opinions, estimates or forecasts regarding the performance of EnviroGold Global and its management made by Red Cloud are theirs alone and do not represent the opinions, estimates or forecasts of EnviroGold Global or its management. EnviroGold Global does not by this announcement or otherwise, imply that the Company endorses, analyzes or approves of such information, conclusions, or recommendations.

Equity Research Firm Updates EnviroGold Global Analysis, Upgrades Price Target

 

[lscfa]

Red Cloud assumes projects are 80% debt financed so 20% x ($60 mil + $75 mil) = $27 million in equity financing needs to be raised.

[Carbonbull]

you are assuuming that 3500 tons per day is put in day one my understanding is the intial plant will be between 500 to 1000 tons a day, ramped up thru 2023 to 3500 tpd in 4t quarter of 2023. to understand the economics of each 1000 tpd , use a net $90 dollars a ton  the math becomes compelling and the ability yo bootstrap avoding major dilution obvious.