Ann: First Pass Regional Exploration Drilling Underway, page-14

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trader8888

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08/04/18

18:51

Post #: 32302699
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Originally posted by flyboy77 ↑

Not puzzling to me. It's an operating asset that meets their investment criteria.....just shows how hungry thry are for extra ounces.....i note Namdini looks to have a significantly lower AISC - means the per oz price should be higher!

2018 Guidance

Targeting 200,000 – 220,000 ounces of gold at AISC³ of $1,050 – 1,150/oz, weighted in favour of H2 2018 when ore yields from Nkran resume steady state production levels• H1 2018: 90,000 – 100,000 ounces at AISC³ of $1,200 – 1,300/oz • H2 2018: 110,000 – 120,000 ounces at AISC³ of $950 – 1,050/oz

5-Year Outlook (2019 – 2023)

Optimized mine plan, using current mine operating data, has improved the multi-pit schedule and reduced the overall strip ratio to deliver competitive AISC³ over a life of mine of 19 years

Average annual production over outlook period (2019 – 2023) of 253,000 ounces at AISC³of $860/oz, an increase in ounces and improvement in AISC³ versus previous P5M unoptimized plan of 243,000 ounces at AISC³of $1,007/oz

Optimized plan generates improved cashflows to provide Asanko with sufficient liquidity during the period of capital spend on Esaase, the installation of the overland conveyor and subsequent debt repayment.

https://asanko.com/News/News-Detail...18-Guidance-and-a-5-Year-Outlook/default.aspx

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You’re neglecting the capital expenditure that Asanko has already spent on the project and the fact it’s a ready producing mine that goldfields is purchasing a share of for $133 an ounce.
CDV Price at posting: 53.0¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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Ann: First Pass Regional Exploration Drilling Underway, page-14

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