Newcore Gold’s (TSXV: NCAU) new prefeasibility study for Enchi was supposed to be the next major step forward for the project. Instead, it has raised a much bigger question: why did the company abandon the simpler heap leach plan investors were originally sold on in favor of a far more expensive carbon-in-leach operation?
In this video, we break down what changed at Enchi, how the new PFS compares to the earlier PEA, and why the market reacted so negatively. We also look at the revised mine plan, production profile, capital costs, operating costs, and project economics, along with the bigger debate now surrounding Newcore’s strategy and whether higher recoveries really justify a much more expensive build.
Information for this briefing was found via the sources and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
