BNAUF - Battle North Gold: Digging Into The Bateman Feasibility Study
- Battle North Gold released a Feasibility Study for its Bateman Gold Project, with very modest capex and solid economics.
- The study envisions average annual gold production of 79,000 ounces per year at all-in sustaining costs of US$865/oz.
- Given that Battle North has a strong balance sheet with C$65 million in cash, the project should be easy to fund, with potential for first gold pour within 15 months.
- I see Battle North Gold as a high-risk, high-reward investment, but I continue to prefer other Tier-1 gold explorers, which I believe to have more attractive valuations.
For further details see:
Battle North Gold: Digging Into The Bateman Feasibility Study