Voltalia Ord Shs VLTAF

world wide gold deposits

[ALLEN4]

the below article has some interesting stats including average grades, etc. It pegs the number of undeveloped gold deposits over 5 million ounces at 66.

https://www.visualcapitalist.com/portfolio/global-gold-mines-and-deposits-ranking-2012

[gold_diggers1]

Curvature, NG Donlin deposit will need $6.7B startup cost.... a huge number in today's climate.  It's 10 times Kiaka's startup cost but it does not have 10 times number of oz Kiaka has?!   So, it does not count.    I will have to add some more conditions then: - capital cost will have to be around $500 millions like VTR's Kiaka deposit. - the deposit is being

[Curvature]

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[gold_diggers1]

So.... why didn't they do the FS for 5mil oz of AU then, if it's so good according to your calculation?   Nah.... they can do better than that.... with merely $6.7B start up cost for over 50 mil oz of Au.....

[gold_diggers1]

Below is NG Donlin FS.   Note: - they only used 5% discount for its NPV.    - IRR is only 6% and 12% at POG $1200 and $1700/oz - Payback period 9.2 and 5.3 years at POG $1200 and $1700/oz Even at $1700/oz, the IRR and payback period is worse than Kiaka.   Who is going to lend you $6.7B to develop the mine? If like you said they can do better just to develop 5 mil oz of Au

[Curvature]

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