Project Interview: Confidence Levels Increasing
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Bluebird Merchant Ventures Ltd, a gold company primarily focused on bringing historic mines back into production, is pleased to announce a video interview has been published following Executive Director Aidan Bishop's return from a visit to South Korea. The visit was conducted to gain an update from the Company's advisors re the Gubong Gold Mine and Kochang Gold and Silver Mine, in particular the status of the Mountain Temporary Use Permits, the last licences required to start the re-opening of the mines. Both projects have already received extraction licences.
The Company believes that the two projects have a cumulative c.1.5m oz Au. The potential value of its projects was highlighted in a Scoping Study published in February 2023. This was conducted on a USD 1,750 per oz gold price, and reported a post-tax NPV of USD 181 million, free cash of USD 50 million per annum, an IRR of 111% and a USD 630 per oz All in Sustaining Cost.
The full interview can be accessed on the below link:
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