Landore Resources' BAM gold deposit is arguably situated in one of the most benign postcodes globally. With estimated AISCs of US$816/oz and NPV modelling being highly sensitive to prevailing gold prices, Landore still looks undervalued in the current gold market. With a 1,015,000oz Resource and a PEA giving an NPV5% of US$203m (108p per share), at US$1,500/oz, on the extended case, the upside is clear. Based on our modelling NPV5%-1650, assuming further capital is required to reach a construc ....
16 Dec 2021
Cenkos: Mining Sector -- December 2021 - Three Gifts of Gold, Potash and Copper
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Cenkos: Mining Sector -- December 2021 - Three Gifts of Gold, Potash and Copper
- Published:
16 Dec 2021 -
Author:
Will Dymott -
Pages:
7
Landore Resources' BAM gold deposit is arguably situated in one of the most benign postcodes globally. With estimated AISCs of US$816/oz and NPV modelling being highly sensitive to prevailing gold prices, Landore still looks undervalued in the current gold market. With a 1,015,000oz Resource and a PEA giving an NPV5% of US$203m (108p per share), at US$1,500/oz, on the extended case, the upside is clear. Based on our modelling NPV5%-1650, assuming further capital is required to reach a construc ....