GEGI Guayaco Gold Production Valuation Estimates
Summary:
@2000 grams/month = $82,691.60/month (annually without ramping growth = $992,299.21 USD )
@6000 grams/month = $248,074.801/month (annually with no organic growth = $2,976,897.61 USD)
Cacique Mining Inc. (GEGI) Ready to Launch Phase One of Guayaco Project
August 7, 2017
Cacique Mining Inc. (GEGI) announces it is ready to launch phase one of its Guayaco project. The mine needs some initial development and some work needs to done with respect to infrastructure for transport, ventilation, and power supply. Juan David Perez Schile, comments, βthe plan is to have the upgraded version in production within four months. We should have an initial output of 2000 grams per month. After that grow it up to 6000 grams per month. After year one, we intend to apply organic growth to scale from there.β
1 gram = 0.0321507 troy ounces
2000 grams = 64.3014 troy ounces
spot price of gold = $1286/troy ounce
64.3014 x $1286 = $82,691.60/month (annually without ramping growth = $992,299.21 USD )
Ramping up to 6000 grams:
6000 grams = 192.9042 troy ounces
spot price of gold = $1286/troy ounce
192.9042 x $1286 = $248,074.801/month (annually with no organic growth = $2,976,897.61 USD)
This is for only one mine! Now couple this with the Gomez Plata project and boom!
Two other projects (in addition to the other mines): claim ILV-09-301-Z1 and claim SDP-09431 have much higher gold grades than the Guayuco Project.
The Guayuco Project project has 13g/t
Compared to:
Claim ILV-09-301-Z1 = 20 to 30g/t
Claim SDP-09431 = 48g/t