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5.88% 8.0¢ pacgold limited

24c target from Patersons, page-62

  1. Undaunted
    1,937 Posts.
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    29/07/16
    13:41
    Post #: 18399325
    Sure but there was no resource on Gruyere back then, however now that GOR is the mix, they are talking about capex of ~$0.5 billion for a standard 7.5 million ton plant . Patersons note has Goldstrike as a recent analogy  - that was ~$US585 million capex for a 4 million tonne plant

    http://www.barrick.com/files/presentation/2014/Nevada-Mine-Tour-Goldstrike.pdf

    PS. Seems strange that the broker is selling out while talking up the price .
    PGO Price at posting: 13.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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