Bluebird Merchant Ventures Ltd. (GB:BMV) has released an update.
Bluebird Merchant Ventures Ltd, a company specializing in reviving historic gold mines, has made significant strides in its operations in South Korea and the Philippines, aiming to commence production. By securing local JV partnerships, Bluebird is advancing towards production with minimal capital outlay, as highlighted by their progress in the Philippines and ongoing negotiations in South Korea. The company’s assets show strong potential with a Scoping Study indicating a post-tax NPV of USD 181 million and a low All in Sustaining Cost of USD 630 per oz of gold, amidst a favorable gold price environment.
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