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OldtimeramI

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OldtimeramI

Re: None

Monday, 03/20/2017 11:47:20 PM

Monday, March 20, 2017 11:47:20 PM

Post# of 1524
Columbus Gold announced today positive bankable feasibility on the Montagne d'Or Gold Project, French Guiana ( Paul Isnard Project ).

http://www.columbusgoldcorp.com/s/NewsReleases.asp?ReportID=783271&_Type=News-Releases&_Title=Columbus-Gold-Announces-Positive-Bankable-Feasibility-Study-for-Montagne-dO...

Sandstorm Gold holds a 1% NSR on this property. Based on the corporate presentation they expect this royalty to contribute $3 m in annual cash flow. Life of mine is expected to be 12 years.

Sandstorm Gold bought this royalty back in 2013 for $5 m USD.

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