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Re: goldenpolarbear post# 1305

Saturday, 03/07/2020 10:47:23 AM

Saturday, March 07, 2020 10:47:23 AM

Post# of 1715
& KERR Mines is presently trading in the very low range, with ecstatic insiders loading up
& the Golden Copperstone Mine Train is travelling too much greener pastures loaded with golden high-grade shamrocks
from the belly of the Mine!

Some updated information gleaned from the late February Kerr Mines Corporate Presentation... Obviously, $1600 or $1700 gold price was NOT Yet in the cards or even really considered... $$$

"...PROJECT OPTIMIZATION NOT CAPTURED IN PFS..." Including Project OPTIMIZATION
Gold Price US$/oz

"Gold Price US $1,500 / oz
NPV5. US $118 Million

IRR 81%

Capex is now only $19.9 million

All in sustaining cost US $947 oz ..."

"....• NPV is calculated on a pre-tax basis. There are significant historical tax pools available from the predecessor company acquired of approximately $70 million which will offset the effective tax impact.
• Copperstone PFS based on WOL with Dore and 4.5 year mine life
• Enhancements related to Project Optimization goals based on Flotation with Dore and 8 year mine life

"... NOTE: Projections of Net Present Value and IRR are based on forward-looking estimates, including current expectations on recent exploration results, rate of production, potential changes to the mineral processing method as set out in the Copperstone PFS, anticipated changes to project capital costs and overall project economics. These forward-looking projections entail various risks and uncertainties that could cause actual results to differ materially from those reflected in these forward-looking projections. Such projections are based on current expectations, are subject to a number of uncertainties and risks, and actual results may differ materially from those contained in such projections.

https://kerrmines.com/

https://www.kitco.com/news/2020-03-06/Gold-Silver-Precious-Metals-Daily-News-Briefs.html

https://www.sprott.com/
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