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Gold/Mining/Energy : Chesapeake Gold

CKG.V 2.320

+3.1%

Nov 25 3:59 PM EST

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To: bigg dummy who wrote (8695)	2/18/2021 1:43:07 PM
From: klinker	Read Replies (2) of 9054

it looks like ckg has transitioned from an in situ deposit type of sale to a mine development situation.... I'm not sure this is in the shareholders interest..... Management and the bankers bled the profit potential at pretium almost dry as they took cut after cut of shareholder value on their road to success... To this point pangbourn is offering a pig in a poke... we have absolutely no idea if this new production process is economically applicable to metates. Pangbourn has as much as said that to boot... in the interim the present price of gold and silver has convinced newmont to move aggressively using the autoclave strategy... They have so much money to burn they accommodated the wet dreams of the bankers to skim off $2 billion in cash for share buybacks... And newmont is very deeply involved with new heap leach technology as i posted not more than a month ago.... there are a lot of questions ... Yanacocha Sulfides (South America)12 will develop the first phase of sulfide deposits and an integrated processing circuit, including an autoclave to process gold, copper and silver feedstock. The project is expected to add 500,000 gold equivalent ounces per year with all-in sustaining costs between $700 to $800 per ounce for the first five full years of production (2026-2030). An investment decision is expected in the second half of 2021 with a three year development period and estimated capital costs of approximately $2 billion. The first phase focuses on developing the Yanacocha Verde and Chaquicocha deposits to extend Yanacocha’s operations beyond 2040 with second and third phases having the potential to extend life for multiple decades.

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