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With the development that is now predictable from now on, you probably position yourself as a takeover candidate!
East Africa Metals (WKN: A1T79H, TSXV: EAM) With this news, viewed from my perspective, the important border from the gambling paper to the investment is clearly done, because the value of 500 million CAD, which becomes gripping with this news, is in stark contrast the stock exchange assessment. With the development that is now predictable, you will probably position yourself as a takeover candidate!
You can search, but you will not find a similar "professional" setup! This company has drawn a four -time freewyle that transforms a previously hypothetical value into sounding dollars in the billion dollar value, and without doing this without its own financial or personnel! The future of this company will now consist of cash!
1 + 3 = 1 gold mine in operation + 3 more gold mines in the starting blocks
east Africa Metals (WKN: A1T79H, TSXV: EAM) receives first payments from the gold (see current news) from the Magambazi mine in Tanzania. EAM has the right to 30% of the subsidized gold of the Magambazi mine, the funding of which is to achieve over 40,000 ounces per year.
Three other gold mines are, so to speak, rifle and have all the necessary permits to start the operation . The partners in this "package" are China's largest gold producer, the Zijin Mining Group Company Ltd., and the Tibet Huayu Mining Co. Limited, another Chinese mining company. Zijin strives for 55% property on the terakimti mine and Tibet Huayu has already secured 70% of the other two mines: all three in the Tigray region in Ethiopia.
The only reasons why the Ethiopian mines Do not promote gold yet, were first Covid-19 and then the unrest in the Tigray region, for which there are still travel restrictions. But now the signs multiply that this last barrier will soon fall. East Africa Metals (WKN: A1T79H, TSXV: EAM) Twitterte:
Now the coffers of East Africa Metals (WKN: A1T79H, TSXV: EAM) to ring. - never again watering capital increases! give that it received the first billing from the "Magambazi transaction". The 275,000 USD value for the approximately 160 ounces are primarily important, although enjoyable because they represent the first income for East Africa Metals (WKN: A1T79H, TSXV: EAM), rather the view of the table shows far more important details that are on one to be closed soon.
In the past few months, you have practically drove with the handbrake attracted, and that was also to be expected, because first of all the PMM team had to set the system in order to set the highest possible degree of trigger for that in the rock to achieve gold contained. This means that you have to "experiment" with the grinding of the rock, the lye concentration and with the duration of the leafness in order to be able to achieve the maximum degree of extraction!
The recovery Grade rose from 37% to over 70% to almost 80%. From this you can see that the optimal settings could be found soon. Almost a third have already been processed of the 32,000 tons of the existing overburden rock, which is currently being processed, and around 3g/t of gold. The production costs per ounce are incredibly low 261USD. 532 ounces have already been obtained, which means that an average of 1.052 ounces with a sales value of almost $ 1.9 million should be produced in the remaining 9 months in order to be able to achieve the "target" (otherwise a penalty payment is due to EAM ), of which 30% are omitted directly to East Africa Metals (WKN: A1T79H, TSXV: EAM) (minus the production costs of around 300 USD/ounces). Over 40,000 ounces per year is the plan to reach the Magambazi mine.
you multiply everything, so you get a total value of around $ 400 million (500 million CAD) , the East Africa Metals (WKN: A1T79H, TSXV: EAM) from the Magambazi mine. - It is not in the interest of the partner PMM to narrowly reach them, let alone miss them. - The more throughput you can drive, the better it will be PMM, because the more profits the partner will make! The system is designed to produce over 40,000 ounces. If you have found the optimal settings for the system, in my eyes there is nothing to be said in producing 20,000 - 30,000 ounces (6,000 - 9,000 ounces for EAM) in the first year, which sales for East Africa Metals (WKN: A1T79H, TSXV : EAM) in the amount of $ 7-11 million (8.9 million - 13.4 million CAD) without surgical effort. I think 40,000 ounces possible from the second year of production.
WKN: A1T79H, TSXV: EAM
Cool: With an account with Smartbroker you can Act this share from 0 euros. - A change of broker often pays off !!
While many exploration companies have been removed from a gold funding for years, if not decades, at East Africa Metals (WKN: A1T79H, TSXV: EAM), all preparatory work was done, To supply the approximately 3 million ounces that are distributed on three deposits. All projects have the necessary permits from the responsible authorities! Here is the overview:
From these three deposits, four mines will be created. For three of these mines, binding contracts have already been signed, which state that East Africa receives 30% of the funding at cost price (+15%). For the fourth mine (Harvest) there is a preliminary contract with a similar scenario.
40,000 ounces + 40,000 ounces
for the Handeni gold camp in Tanzania (~ 1 million. Unzen gold), the PMM MINING Company Ltd. To build a mine, a funding of 40,000 ounces is targeted. For both mines on the adjabo project in Ethiopia, one also expects 40,000 ounces. to reject and collect more. The stock market value appears ridiculously small in this context, it is less than 30 million cad. - An almost unbeatable top value if you know that the industrial cut should be over $ 140.
Ethiopia - almost 2 million. Unzen gold
COVID-19-delay
Since December 2019, it is clear that the Ethiopian projects will go into production promptly. Originally the first half of 2021 was targeted, but then Covid-19 came and the plans were thrown over the pile. cn-hongkong.aliyuncs.com/drawing/article_results_6/2022/1/a3aa4c232f906e1e89567926b160f0_1.jpeg "Alt =" Breaking Africa Metals - now starts the 1,000% rallye? Breaking News!: East Africa Metals - The 1,000% rally? East Africa Metals Inc.*">
The adyabo project:
All necessary permits were made by already granted the authorities. The results of the preliminary economic evaluation (PEA) for the gold projects "Mato Bula" and "Da Tambuk", both part of the adyabo project, indicate a very strong project economy - investigates over 1,800 today with a gold price of USD 1,400 per ounce - today USD!
880,000
The Tibet Huayu Mining Co. Limited (Shanghai: 601020) is for 100% IGE Financing of the construction costs for the mines Mato Bula and Da Tamuk by Adyabo.
From the resulting gold (equivalent) production, East Africa Metals will receive 30%in the future, and without investing this! P>
The Harvest project
The terakimti deposit on the Harvest project has also already met all the official requirements and therefore received approval for the establishment of a mine.
Here too, according to Adyabo pattern you want to start the funding!
Both Ethiopia projects that geographically only get a few kilometers are running, "all-in" costs (establishment + funding costs) of less than 550-600 per ounce-that is, that the current gold price remains a net profit of $ 1,200 per ounces.
East Africa Metals (WKN: A1T79H, TSXV: EAM)
spectacular! Look at the drilling results from the past:
So far, East Africa Metals (WKN: A1T79H, TSXV: EAM) has only scratched on the projects and yet with extremely low Exploration costs can verify a considerable resource. Only $ 15 cost an expression costs per ounce. This is an almost unreachable international top value. Of the 18 possible boring destinations, three have only been examined more precisely. In the case of so -called scout drilling on another six sections, you always met with ore mineralization - every shot a hit!
good infrastructure - in Africa the exception, here the rule! I don't have to explain how important these things are to put a mine into operation in Africa. Above all, the positive circumstances save immense cost if everything that is important in terms of infrastructure is already available. That is the reason why the feasibility study of the projects is so very positive.
east Africa Metals (WKN: A1T79H, TSXV: EAM)
Tanzania - over 1 million. Unzen gold
In Tanzania, production should also start within a year- All necessary permits have already been granted. The project is inexpensive and should become the second sales generator for East Africa Metals (WKN: A1T79H, TSXV: EAM).
East Africa Metals (WKN: A1T79H, TSXV: EAM) has the Handeni-GoldCamp PMM MINING Company Ltd. Handed over and the gold extraction process from the existing overhaul has started. A first gold bar is expected in the second half of 2021. Deal between the EAM and PMM roughly states that PMM will build and operate the ~ 1 million ounces mine and that EAM is preserved 30% of the funded gold at cost price (+15%) (Newslink) - a funding of 40,000 ounces per per Year is targeted.
Handeni-Goldprojekt:
The 9 km² Handeni gold project has a main deposit, called "Magambazi Hill", which is already defined by 442 boreholes (total 113,692 meters) So that we were seen a combined resource (indicated + inferred) of almost 1 million ounces of gold. accessible to the environment. Street access to the site is possible via two unpaved public roads. The asphalted highways are approx. 20 km from the terrain. The Pangani Falls and Hale hydropower plants deliver a total of 97 megawatts.
east Africa Metals (WKN: A1T79H, TSXV: EAM)
< H4> spectacular! Past drilling results:FAZIT
Better conditions cannot be found in an Africa GoldExplorer. There is everything you need! Sufficient gold in high concentration and an impressive infrastructure. So there is a multiple commissioning scenario that is designed for a few months, not for many years, as with competitors.
"Pilbara" in Australia or the "Golden Triangle" in Canada belong to many In the raw material industry currently for "Place to be". It is in the stars whether their efforts will be successful. East Africa Metals (WKN: A1T79H, TSXV: EAM) is already on the home stretch in Ethiopia and also in Tanzania! This has to change soon! If you look at the "Camp-Size" monster potential of all projects and the spectacular drilling results of the past, you have to see that this will still only be the tip of a huge gold mountain. East Africa Metals (WKN: A1T79H, TSXV: EAM) A great chance that should bring at least 500% and in the long term several thousand percent! Without patience you can earn good money with this stock very quickly! With a little more seat meat you may even be really rich with this stock!
The original report can be found here.
Helmut Pollinger
* Notes on the conflicts of interest that are definitely existing at Bullvestor with regard to this publication as well as our risk -specifically and our disclaimer
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