Much of the sector had breakouts this week, but there is still alot of value to unlock in the many of the names.
You ever looked at $TRE.AX?
They have a 2.4Moz resource @ 0.86g/t in Mali. (so its low grade but most of it near surface)
AUD12M market cap. DFS from 2021 (back then they were called African Gold Group)
Currently updating the DFS.
Would like to hear your opinion on this.
The bull market will rise all boats but we want those that have the most leverage and ideally limiting risks.
thanks!
2021 DFS link:
https://www.africangoldgroup.com/news/african-gold-group-announces-updated-dfs-with-66-reserve-increase-and-100-koz-per-year-for-the-first-10-years
Yes I believe the company traded on the Canadian markets before . Interesting story.
Do you take into account Initial CAPEX in relation to their post tax NPV? Treasury Metals seems a big high. Seems you get more bang for your back with Newcore.
Yes definitely, I agree I think newcore could have more upside. Both stocks should re-rate in the current gold environment.
You ever looked at $TRE.AX?
They have a 2.4Moz resource @ 0.86g/t in Mali. (so its low grade but most of it near surface)
AUD12M market cap. DFS from 2021 (back then they were called African Gold Group)
Currently updating the DFS.
Would like to hear your opinion on this.
The bull market will rise all boats but we want those that have the most leverage and ideally limiting risks.
thanks!
2021 DFS link:
https://www.africangoldgroup.com/news/african-gold-group-announces-updated-dfs-with-66-reserve-increase-and-100-koz-per-year-for-the-first-10-years
Yes I believe the company traded on the Canadian markets before . Interesting story.
Do you take into account Initial CAPEX in relation to their post tax NPV? Treasury Metals seems a big high. Seems you get more bang for your back with Newcore.
Yes definitely, I agree I think newcore could have more upside. Both stocks should re-rate in the current gold environment.