Latitude 66 jags striking sulphides in Finnish gold hunt
The splendid visual elements perfectly fully complete the recent discovery study of the company, which revealed a surprising current net value (NPV) of 310 million dollars ($ 492 million), calculated using a discount rate of 8 % and a gold price of $ 2500 (an $ 3968) per ounces. However, at today’s gold prices, which NPV jumps on a huge 433 million dollars ($ 690 million).
Even more impressive, the production cost all-in (AISC) of the production was estimated in an incredibly competitive US $ 1038 for ONCIA, which descends to only $ 996 once cobalt credits have been taken into consideration.
The capital expenses to build the system and fully prepare the mining site have been set at 101 million manageable dollars ($ 160 million), which looks like a solid investment considering that the project should pay alone in less than 16 months.
With a generosity of additional targets waiting between the wings, wise on the horizon and a strong gold price – currently only shy of magic a sign of $ 5000 for ONCIA – The stars seem to align the latitude in what could be a golden race for the company in 2025.
Is your company listed in Asx doing something interesting? Contact: matebirney@bullsnbears.com.au
