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Re: Bobwins post# 33006

Saturday, 03/25/2017 5:51:30 PM

Saturday, March 25, 2017 5:51:30 PM

Post# of 35698
CGT.to/CBGDF C$.89 Columbus Gold

http://finance.yahoo.com/news/columbus-gold-announces-positive-bankable-210000072.html

2.7million oz of gold in reserves with a positive BFS.

Nord, majority partner has yet to decide whether to fund mine development.

Capex is US$361million vs NPV of US$370million using 5% discount. IRR 18%.

Projecting 214K oz of gold per year over 12 year mine life.

This isn't a stellar result but there aren't that many multi million oz projects available worldwide. There is about 1 million oz inferred oz that could be upgraded and increase NPV. Plus there is additional exploration upside near the deposit.

Haven't bought back since selling around this price last year.


Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.

If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE

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