Guyana Goldfields' Financing Deal Means Clarity And 60% Upside With Limited Downside Risk
- On June 9th Guyana Goldfields announced that it received debt based financing for its Aurora project. The market reaction was underwhelming.
- There is now a clear path to production, which should commence next year.
- This clarity plus the mine's awesome cash-flow potential give the shares 60% upside with conservative assumptions, a $1,250/ounce gold price, and a 12% discount rate.
- The stock has further upside as investors tend to flock towards large mining projects with low production costs as they head towards commercial production.