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Logistics
Bor
Chelopech(Dundee Precious Metals)
Certej (Eldorado Gold)
Rosia Montana (Gabriel Resources)
Skouries (Eldorado Gold)
Timok (Nevsun Resources)
North America
South America
Europe
Africa
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Prices: USD 1,220/oz Au; USD 2.90/lb Cu
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C$ 44.4 M •
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Simple Geology ✓
Simple Mining ✓
Simple Processing ✓
Simple Logistics ✓
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$0
$200,000
$400,000
$600,000
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$1,000,000
$1,200,000
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Cu
mu
lative Op
erating C
ash Flo
w in
US'0
00
Go
ld E
qu
ival
en O
un
ces
Production vs Cumulative Operating Cash Flow
Gold Gold Equivalent Copper Operating Cash Flow
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GDXJEOX
Research Coverage:
CIBC, Peel Hunt, Echelon Wealth Partners, Edison
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