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1.2¢ vector resources limited

Ann: Adidi-Kanga Gold Project Acquisition and Update, page-135

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07/03/19

20:01

Post #: 37690616
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Originally posted by binwood: ↑

Average gold price over the last 5 years has been $1,200-1,250 an ounce (as below). For me I can't reconcile why the project would have been abandoned if AISC was that low. I have suspicions it's much more like $1,000-1,100. NB I have no technical data to prove this, it's simply an opinion based on past actions surrounding the resource.

As I have said before - if it's something near your numbers and they show they are achievable then this gets very interesting. Produce for a year or two and then double production capacity. Who wants a 15 year LOM. Start producing 400koz a year at $900/oz and drill out the resource and you have a billion dollar + company.

If numbers are more in my range you have an asset that's a good optionality play that will do well in a gold bull but might struggle in a lower POG environment. Hence costs being key.

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heres an article showing Randgolds cost or estimates or whatever anyone wants to call it, I am using Randgold because they are on the other side of the roped off area to our leases.
http://www.theafricareport.com/Mining/mining-randgold-the-cost-killer.html

VEC Price at posting: 1.8¢ Sentiment: Buy Disclosure: Held
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