ANXGF - Anaconda Mining: Price Target Raised Following Goldboro PEA
- Anaconda Mining released an updated Preliminary Economic Assessment for its Goldboro Project this week, with the project boasting an After-Tax NPV (5%) of ~$560 million at $1,700/oz gold.
- The mine plan envisions a 17.6-year mine with average annual gold production of ~111,000 ounces at industry-leading projected costs of $799/oz.
- While this is a much more impressive project, the key will be funding the project, with the estimated capex bill coming in 50% higher than Anaconda's current market cap.
- Based on the robust economics of the updated Preliminary Economic Assessment, I have increased my target price to US$0.98.
For further details see:
Anaconda Mining: Price Target Raised Following Goldboro PEA