Mali Government backs Toubani gold project
The company states that the Kobada operation can churn out gold with a ridiculously low all-in support cost of only $ 1004 (an $ 1586) for ONCIA to offer at least 134 but of US $ in cash flows gross of taxes using a very conservative gold price of US $ 2200. That number jumps to a huge year of $ 211 but using a gold price US $ 3000, which is still lower than Spot price.
The project generates a current post-tasso value of US $ 500 million to US $ 2200 The ounce and one year US $ 951 but at 3000 US $ la ounce.
Toubani says that, given its high percentage of oxide mineral easier to proceed, Kobada would also be one of the lowest capital intensity development projects in the sector.
Toubani states that his agreement with the Government of Mali with key set conditions firmly puts the company firmly on a development path towards a final investment decision for the project by the end of the year.
It is also a sign of a regulatory framework in improvement in Mali, which is building impulse to advance the nation’s mining industry. Mali reopened the department of mines on March 15th and recently concluded other agreements with peer-music companies.
In a further sign of improving confidence in its mining sector, Allied Gold has recently constituted a strategic partnership with the investment fund based in Emirates of the United States Ambrosia for an investment of 373 million dollars to acquire an interest for half the operations of the Gold ally Mali.
Toubani has already completed the early engineering activities and the perforation program necessary and is accelerating the labor spindles of the readiness of the project for Kobada.
Toubani sees the project as an increasingly executable, technically simple, low -capital capital activity of capital costs, with an exceptionally strong gold price environment. Even after taking into account the free interest of Mali’s government, Royalties and other commissions, Kobada’s technical advantages still allow him to spit serious money for his 65 % Toubani owner.
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