Earlier this week, Cora Gold released attractive results from an updated Definitive Feasibility Study (UDFS) on the flagship Sanankoro project in southern Mali. To quickly re-cap, at a flat gold price of US$2,750/oz, post-tax NPV8% is US$221m (100% basis; compares well with initial capex of US$124m); IRR is a mouth-watering 64.9%; and payback is just 1.1 years. In practice, project economics can be expected to better that in the UDFS, we believe. For a start, including pit-optimised Inferred res ....
