Pasofino Gold Limited at 121 Mining Investment Cape Town Conference Transcript
Good afternoon or good evening, everyone. I'm here to give you an update on the Dugbe project, which is owned by Pasofino Gold as a 49% shareholder and give you a snapshot of where we sit and where things are traveling.
We're in Liberia. We have a project that's got 4 million ounces of resource, of which 3.3 million ounces is in a measured and indicated category. And of that 3.3 million ounces, 2.9 million ounces runs at a grade of 1.58, which is an attractive grade for a West African open-pit mining opportunity.
Three key points I just want to highlight at the beginning. The advanced project, we've been able to move this through to the end of the DFS. It's been completed this week, as I speak. And we've been able to do that because over $100 million was spent in the project by some of -- by our predecessor and subsequently by about $20 million of our money.
It's a large asset. I'm told that those less than 5% of the mining companies in the world have a resource base of 4 million ounces. So it's in a very
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
