Pasofino Gold (VEIN) - $1Bn Free Cash Flow over 12yr Life of Mine

Interview with Ian Stalker, President & CEO of Pasofino Gold (TSX-V:VEIN)

Our previous interview: https://youtu.be/LDucke77jvE

Pasofino Gold Ltd. is a Canadian-based mineral exploration company listed on the TSX-V (VEIN), OTCQB (EFRGF), and FSE (N07). Through its wholly-owned subsidiary, ARX Resources Limited, Pasofino has an option to earn a 49% economic interest (prior to the issuance of the Government of Liberia’s 10% carried interest) in the Dugbe Gold Project.

Pasofino Gold is looking to develop the Dugbe Gold Project in 2022-23 and has recently published a PEA which is an important step for the company to provide financial information to the market. The PEA shows that the project has a mine life of about 12 years generating between 180-210,000oz Gold/year at a mining rate of 5M tonnes/year through a processing plant.

The Dugbe Gold Project is located in southern Liberia and situated within one of the last remaining under-explored parts of the Birimian area of West Africa. The Project area is located 70 km by road from the Greenville deep-water port.

Pasofino Gold has huge upside with good return from investments. The open pit grade at the Dugbe project is fantastic with a good strip ratio. The mine is close to the port in a mining-friendly jurisdiction and they have an experienced operating team with experience in leading mineral exploration, mine builds and developments including delivery and development of mineral resources, mine construction & operations.

Pasofino Gold raised $9M in April/May and don’t have any plans to raise any more money before Q4 of this year. They will continue to work on the DFS which they started in December 2020 and is due for completion in Q2, 2022 and there will be a series of news releases throughout the process.

0:00 - Company Overview
0:46 - PEA Highlights & Disconnect at Market: Why Was There No Reaction?
5:20 - Managing CapEx Costs & Means of Funding it All
7:28 - Production Estimates: Simple Flow Sheet & The Geological Aspects
10:12 - Retread vs Turnaround: Changing the Company & its Perception
16:14 - Cost Management & Impact on Economics
17:43 - Over $70M Spent, How Much Was Wasted?
19:50 - Expectations for Drilling: Likelihood for More of the Same & Growing in Scale
20:44 - Reasons Why Investors Should Look at Pasofino Gold
22:38 - Cash Position & Allocation to Near-Term Work

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