Update: True Gold Reveals Outstanding Results From North Kao PEA
Hard Asset Investments • Yesterday, 2:14 AM
- True Gold Mining has revealed the results of a preliminary economic assessment on its North Kao Deposit.
- The deposit is estimated to produce $118 million in after-tax cash flow to the Karma gold project, with after-tax returns over 200%.
- The deposit will add 118,000 ounces of gold annually for 2.5 years at $652 AISC, with initial capex of just $17.7 million.
- This is very positive news and was not expected in my previous article. I think shares are pretty attractive at current levels, even without the North Kao PEA.