Worth noting similar,but more advanced,company operatingin...

Worth noting similar,but more advanced,company operating
in Peru...

TSX listed Dynacor Gold..has gold processing plant processing around 6000 ounces/mth with higher input costs
as it buys/processes other Cos ore.Bottom line is net
EBIT,based on current workings, is around $12 mill.p.a
or around 12%of T/O..which is fairly low.Current share
price is around $1.20..which is around 3.6 times EBIT.
37 mill. shares on issue..similar tight register culture.
The processing plant is it's main attraction.

By comparison..CGU joint venture will probably process
around 20,000-30,000 ounces p.a by my reckoning, once
in full swing..with a higher EBIT.

So looks very promising for CGU share price even as joint
venture partner.However,junior explorers in Canada seem to
have a more solid market following.

Cheers