AgTalk Home
AgTalk Home
Search Forums | Classifieds (118) | Skins | Language
You are logged in as a guest. ( logon | register )

Gold Stock I have been following.
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
 
ehoff
Posted 2/13/2021 12:08 (#8829236)
Subject: Gold Stock I have been following.


Central Missouri
https://www.novoresources.com/

It’s an interesting story. They are going into production this week. 50 million in bank. Largest land position in pilbara.


Think about this. They are going to be into 100k ounces annual production this year with a mill head grade of 2-3 grams per ton.

They are on the forefront of ore sorting technology. Basically they crush the ore and run it through a sorter very similiar to a color sorter in seed cleaning. It reduces the volume of ore by 99%. They then have a very high grade ore that they truck to their mill that they are putting into production currently at 2-3 grams per ton of mill feed and they mix the sorted high grade trucked in ore with the 2-3 gram ore and increase the head grade to say 20 grams per ton.

Walla they just increased production 6x by using the existing mill.

If they get this done, they will be one of the lowest cost producers on earth.

It’s not all in place yet but the hardest part, getting a profitable mill into production, starts this week. The other parts, if done successfully, will take place over the next 3 years.

Only thing I don’t like is they have a share float of 240 million or so but dilution should be over.

Do your own diligence. If they get this pulled off over the next 5 years it will be one for the history books.

Here is a link to a book written about this story.

https://www.amazon.com/What-Became-Crow-Greatest-Discovery/dp/171617...






Edited by ehoff 2/13/2021 12:08
Top of the page Bottom of the page


Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete cookies)