The price of gold is now trading at ~$1,557/oz.
Despite making a slight recovery to start off the new year, shares of CDV.AX. are still trading at only A$0.38/share.
The Namdini Gold Project is well advanced with a published Feasibility Study on hand showcasing robust economics at $1,550/oz gold, with an after-tax NPV (5% discount rate) of $958 million.
While the gold price has risen ~20% from this time last year, the share price of CDV.AX is flat, and the current market cap is only ~A$146 million.
A number of gold producers out there witnessed strong share price appreciation over the last year, so it remains to be seen if Mergers and Acquisitions (M&A) will pick up pace in the industry soon; if so, the Namdini Gold Project could be a strong candidate, as it is large in size and should offer potent leverage to a rising gold price.
The gold price is back trading above $1,500/oz, and for certain gold companies, that makes all the difference in the world. At this time of writing, the yellow metal is now sitting at ~$1,557/oz, which