There's certainly funding issues to be finalised, but Bilboe has an NPV (at 10% discount rate) of ~$310m using gold price of $1880/oz and a payback of just under 2 years. Current gold price is now > $2700/oz.
CMCL market cap at 1235p is $308m.
There's certainly funding issues to be finalised, but Bilboe has an NPV (at 10% discount rate) of ~$310m using gold price of $1880/oz and a payback of just under 2 years. Current gold price is now > $2700/oz.
CMCL market cap at 1235p is $308m.