Gold may be continuing its march beyond $4,100 again, driving interest in producers higher. But there still seems to be a backlog of projects and potential mines out there that quite frankly.. don’t need gold to be anywhere near current price levels to pencil out.
Case in point is the Coka Rakita project in Serbia, currently being developed by DPM Metals (TSX: DPM). This is a project that has gone from discovery to feasibility study in just 36 months time, and well, it’s looking like it will be a money maker.Â
The economics are so favorable here that the latest feasibility study was conducted at just $1,900 an ounce gold. And the internal rate of return is still estimated at 36%. And all in sustaining costs are expected to be in the lowest quartile of mines globally.
As one market commentator put it.. “Just build it already.”
Lets dive in.
Information for this briefing was found via the sources mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
