Northern Dynasty DMM.v 6 million oz gold and 27 mil oz silver, building 3 mines and completed a world class processing plant on a 50 million shoe string budget. Grades are very high everywhere and there Dynesty property will be an open pit w/2.5million oz gold eq grading 5gpt.
targeting 300,000 tonnes per annum (100koz+) to start with from Zurma, operating cost only $188/oz. Plan on increasing this and adding from the other 2 mines untill the plant is at capacity
Great managment and share structure 47mil fully diluted
Sprott just bought a quarter million shares
Kindross just signed a contract with the socialist government and have to give up 50% + for royalties and taxes to satisfy the government for their projects in the country. Dynesty has been paying 5% royalties I think because they fall into the smaller miner catagory at reducedextortion rates. I think they are budgeting to keep about 50% of production
So whats the company worth with a 50/50 split?
The processing plant, ramp & mine work, cash on
hand, 4 drills and other company assets have to be
worth near the 95 million MC? Whats the gold and
property worth now and at a later date? Think I'm going to
get my feet wet and find out Monday.
Thanks for the jump start Bobwins
Checkmate28