Post by
elgin1 on Jun 25, 2021 11:00pm
Almas
Almas has a crazy IRR over 70% I think, and paid off in less than a year . Rio Novo had a ball mill on site they paid $10 million US 9 years ago which is easily worth over $30 million today (but there is no shipping to get anything anywhere these days). The Paiol pit never got drilled to depth due to financial constraints with RN , but I bet that Almas deposit is going to be much larger after they start drilling deeper in the main pit . Getting production from Almas will add greatly to the bottom line . Looking forward to the AGM!
Aura will be a mid tier producer ie over 500k ounces much sooner imo .
Elgin