We are also lucky to be bringing on Sertão in August which we believe will be the highest grading gold mine in the industry and have a cash cost of less than $400 per ounce. In football terms, Sertão won 3 Ballon D’ors in 2003, 2004 and 2005 and then retired. I call it Georgie Best (Britain´s greatest ever who retired at 26) but unlike football players, world class gold deposits don´t age.
The presentation link above provides an update on our growth plans to achieve 110,000 – 120,000 ounces in 2023 with an expected AISC of $1,350-1,400 per ounce. Our leverage to a rising gold price is significant and would build our momentum to grow our existing mine base faster to achieve 150,000 ounces in 2024.
We want to complete our C$8M raise by the end of February to ensure everything is in place for the warmer months in Finland. At C$1 per share with a full warrant of C$1.5 this values our group post money at C$250 million. To build our mines and mills today would cost C$1 billion. Selling our shares at such a discount to our replacement cost is another product of the 11 year bear market. Please use the form in the link below if you would like to participate or call us anytime to discuss more.