TL;DR Not financial advice, chuck it all in on black yada yada yada.
With that out of the way.
PacGold. One of the only non retarded junior goldies on the ASX.
As of last AGM preso from Nov last year, they had $14m cash in the bank. MK is $46.7m.
They have a heapleach in SA that is near production. They acquired it for $1.2m up front, 15m shares and a milestone payment of $2.2m in cash or shares after producing 5Koz. Pretty good deal to me. 102Koz resource chilling there as well.
Forecast cost of $800k to re-start, plus working capital of $1.5-1.5M for the first 80Kt crushed and irrigated. No further approvals necessary to operate within areas of existing infrastructure and disturbance, and approval to restart operations and begin irrigating dirt.
They are actively drilling to delineate additional ounces, but im guessing you don't care about that. You care about how quickly can they start delivering ounces. And how quick is that? Pretty quick, as up to 250Kt of ore is to be under irrigation by mid Jan.
Should have first gold pour in the next month or 2. Think of all the trips to Soi Cowboy.
I have no affiliation, relationship, partnership, domestic union to PGO or anyone associated with them. I'm not even a shareholder because I have no money. If I had money, I would be a shareholder. Instead, I have two kids. I have asked if I can swap them for shares as the kids yearn for the mines. Alas, the response was a no. Something about them being the wrong colour...