Mining analyst Peter Rose summarises the Fox-Davies Capital Report on Theta's TGME Gold Mine

  

✔️ The independent report has shown that ‘Theta can be a very profitable mining operation’.

  

✔️Two key aspects: 6 Moz of resource, not the typical South African mining operation due to its shallow mine meaning the costs are lower than deeper mines;

  

✔️Modelling shows the cash cost will be around $850 USD/oz, compared to the gold price today of $1,900USD/oz, ‘which gives a good profit margin’.

  

Fox-Davies is a boutique broker that specialises in mining and oil and gas both in Australia and overseas. Peter is a mining analyst and metallurgist, with over 16 years experience in the mining industry. Peter also visited Theta Gold’s South African mine site in February 2020 allowing him to view the gold project first hand.

  

Tune in as Peter Rose checks into Boardroom at The Market Herald to chat through the above.