US Govt confirms Dateline can chase gold-rare earths at historic mine
The company has recently concluded a compelling discovery study for its gold deposit, which proposed an 8.3-year mineral life producing a considerable 75,000 ounces per year at an All-in support cost of US $ 1490 ($ 2490) for Oncia. It will provide a current net value of US $ 235 million and an internal return rate of 31 % at a US $ 2200 gold price for ONCIA.
With today’s gold price that is around US $ 3000 for Oncia – some US $ 800 more – the economy of the project seems immensely more juicy, projecting total sales of 1.344 billion dollars for its life, with 400 million dollars that descends on the bottom line as clear entrances.
The Trump administration obviously seems more interested in the potential ree of the project, referring to the project in a press release as “mines of the rare earth elements of America”.
The executive order of President Donald Trump at the beginning of this year aims to cut dependence from the United States from China, which controls about 70 % of the Global Ree offer, for critical minerals that feed everything, from electric vehicles to defense technology.
The Colosseum is located less than 10 km north of the significant mountain mine on a global level. Geological studies and surveys of gravity suggest that the Colosseum shares the same mineralization event and types of rock as its famous neighbor.
For a company that sports a market capitalization well below $ 20 million, Dateteline is attracting the attention of the government’s maximum weights. The gold numbers are attractive thanks to the prices of all time, but a kicker ree supported by the government could be the Kickstart Colosseum must transform the corner from Explorer to developer.
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