With business development ramping up in the next few months via a number of key meeting. We should start to see some reward for BJ efforts. Based on my rough assessment China looks like the first cab off. The La Demajagua Gold Project in Cuba requires further drilling to finalise JORC this could add a further 6-12 months.
China Opportunity 2 x 70,000 tonne Albion Plants Head grade of the concentrates tested ranged from 35 g/t Au to 40 g/t Au Tests confirm gold recoveries from the Albion/CIL plant are expected to be approximately 95% Preliminary Economic Assessments for the two potential projects has been completed 49% equity investment in each project is expected to be approximately US$6.0 million NPV to PanTerra Gold– US$22 million per project/based on a US$1200/oz gold price, a 10% discount rate, and a minimum project life of 10 years Meetings are planned for Feb and March 19 Cuban Opportunity La Demajagua Gold Project (Isle of Youth in Southwest) 80,000 tonne Albion Plant / Opportunity to relocate key components for existing plant in DR Planned gold production 75,000 oz AU per year Draft Joint Venture Agreement completed Mine life 17 years: Open pit mining, seven years, underground for ~10 years The deposit has been extensively drilled (>50,000m). However, further drilling is required to finalise JORC to inform DFS Meetings in Havana are to occur in February 2019, aimed to resolve a number of issues arising from GeoMinera’s first draft
PGI Price at posting:
2.3¢ Sentiment: Hold Disclosure: Held
