Columbus Gold CGT 2

As a brief reminder, Columbus Gold (CGT.TO) will publish the Montagne d’Or feasibility study today, approximately 1 (one) hour after the markets close.

We do expect the feasibility to confirm the viability of the project and are hoping for an after-tax IRR of in excess of 20% at $1250 gold. We do expect the IRR and NPV to be lower than in the PEA as we think the production costs and initial capex will be higher. That being said, it should still be a very robust project and appeal to either (soon to be delisted) Nordgold or any other senior gold producer. We have scheduled a conference call with CEO Robert Giustra tomorrow morning, and will provide a brief summarized update later on Tuesday, followed by an in-depth report once the NI43 report will have been filed on SEDAR.

Go to Columbus’ website
The author has a long position in Columbus Gold. Columbus is a sponsor of the website. Please read the disclaimer

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