Shanta Gold (AIM: SHG) has announced this morning results of its Scoping Study for the West Kenya Project, which it recently acquired from Barrick Gold (for US$14.5m). The scoping study concludes with a post-tax NPV8% of US$340m and IRR of 110% at a gold price of $1700/oz. We expect this will be seen as an extremely positive result by both management and the market, which is currently valuing the company at US$209m or GBp19/sh v GBp31/sh equivalent value of the post-tax US$340m NPV for the We
13 Oct 2020
Strong West Kenya Scoping Study
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Strong West Kenya Scoping Study
Shanta Gold Limited (SHG:LON) | 14.3 0 (-0.7%) | Mkt Cap: 150.1m
- Published:
13 Oct 2020 -
Author:
Charlie Bendon -
Pages:
4
Shanta Gold (AIM: SHG) has announced this morning results of its Scoping Study for the West Kenya Project, which it recently acquired from Barrick Gold (for US$14.5m). The scoping study concludes with a post-tax NPV8% of US$340m and IRR of 110% at a gold price of $1700/oz. We expect this will be seen as an extremely positive result by both management and the market, which is currently valuing the company at US$209m or GBp19/sh v GBp31/sh equivalent value of the post-tax US$340m NPV for the We