Exploration has gone well but stock hasn’t done a great deal in past few years
Having expended A$13.5 million in the December quarter and starting the current period with about $28.7 million in the bank, Guinea gold exploration success story Predictive Discovery is raising another large slab of funding.The quantum is yet to be revealed, though there is some speculation that in contrast to the $50 million tapped in May 2024, a larger quantum is in the frame this time round.
Earlier studies have outlined a 12-year, 270,000-ounce-per-annum operation costing about US$500 million to build and having all-in sustaining costs of about $1130/oz.Predictive's management is promoting the venture in South Africa this week at the Indaba conference.Predictive shares were at A26.5c before going into a trading halt in relation to the current fund raising.At that price, its capitalisation is about $623 million.
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