The stunning visuals perfectly complement the company’s recent scoping study, which revealed a striking after-tax net present value (NPV) of US$310 million (A$492 million), calculated using an 8 per cent discount rate and a gold price of US$2500 (A$3968) per ounce. However, at today’s spot gold prices, that NPV skyrockets to a whopping US$433 million (A$690 million).
Even more impressively, the all-in sustaining cost (AISC) of production has been estimated at an incredibly competitive US$1038 per ounce, which drops to just US$996 once cobalt credits are factored in.
Capital expenditure to build the plant and fully prepare the site for mining has been set at a manageable US$101M (A$160M), which appears a solid investment considering the project is expected to pay for itself in less than 16 months.
With a bounty of additional targets waiting in the wings, assays on the horizon and a booming gold price – currently just shy of the magic A$5000 per ounce mark – the stars appear to be aligning for Latitude in what could be a golden run for the company in 2025.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
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