Very simplistic view of the world but looking at the costs...

Very simplistic view of the world but looking at the costs quoted to date from earlier studies and resource available at Miraflores.

There is 840000oz or $A1.4B worth of gold in the ground. With a project cost estimated to be about $US72m lets round this to $100m Australian dollars for simplicity and a AISC for production of 643/oz Au there is $737,880,00 worth of gold available for a $2M MC company using $50m in interest costs being paid on $100M capex over 5 years. Totally not a way to look at a project but it is very crude and allows for some overrun...
This $737M of gold just from Miraflores has to be a compelling case for development and push the MC of this company to at least $20m later this year fully diluted (SP = 1.1c) and this doesn't take into account any upside available from Tesorito and Chuscal…

More reasoning behind why this is my ASX Gold Sleeper stock of 2019....