Seeking Alpha

Executive summary:

  • Corvus' PEA (2013) shows that North Bullfrog is a marginal project at the current gold price.
  • However, more recent drill results suggest we can expect a huge resource expansion and grade increase, which will greatly enhance the economics of the project.
  • North Bullfrog's initial capital expenditures are just $101M, which are easily financeable.
  • Corvus Gold is a 'buy' on a pullback, as I expect an updated PEA later this year to show a NPV which is a multiple of the current NPV.

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Introduction

In this article, I'll have a closer look at Corvus Gold (OTCQX:CORVF) which aims to develop its North Bullfrog gold project in Nevada, USA. I will provide a summary of the...

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