In this exciting interview, Arne Lutsch from Battery Commodity speaks with Joe Ovsenek, CEO of P2 Gold (TSX.V: PGLD), about the latest developments in the Gabs project. Learn how P2 Gold is protecting its cash flow with a clever strategy while increasing project value to minimize dilution for shareholders.
Interview Highlights:
▶️ Production status and progress: Insights into the production process and the importance of metallurgy and water rights.
▶️ Improved recovery: Expected increase in gold recovery to over 80% and copper recovery to up to 60% after the next round of metallurgical work.
▶️ Financing strategy: Why P2 Gold deliberately chooses a slower pace to secure liquid funds and enable future financing on better terms.
▶️ Project economics: How the current gold price (over $2,300/ounce) and improved recoveries further increase the profitability of the Gabs project.
▶️ Next steps: When to expect metallurgical results (anticipated mid-July) and a possible financing round in the fall?
▶️ Resource expansion: The potential to increase the gold equivalent resource from 3.5 million to over 4 million ounces.
▶️ Joe Ovsenek provides deep insights into how P2 Gold is laying the building blocks for successful production. A must for all investors following P2 Gold’s development!
⏱️ Timestamps:
00:00 – Introduction and the challenges of starting production for a junior company
00:32 – Cleaning up the capital structure and project progress
00:46 – Focus on Gabs production: Metallurgical work and water permits
01:06 – Strategic slower pace to protect liquid assets and minimize dilution
01:34 – Cash position and expected results in the field of metal energy
01:52 – Current vs. expected gold and copper recovery rates (78%/54% to 80%/60%)
02:18 – Impact of recovery rates on project economics and ROI
02:35 – Gold price development and contribution of copper
03:09 – Expected date for the next financing round
03:16 – Timeline for metallurgical results (target: mid-July)
03:32 – Plans for royalty sales and marketing of the project
03:45 – Possible fall financing and resource expansion goals (3.5 to over 4 million ounces gold equivalent)
04:26 – Conclusion and outlook for P2 Gold shareholders
🔗 Important Links:
P2 Gold Website: https://www.p2gold.com/
🔗 Social Media Links:
Twitter: / arnelutsch
Reddit: / batterycommodity
LinkedIn: / arnelutsch
Instagram: / battery_commodity
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