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
Risk Notice Disclaimer
I. Information Function and Disclaimer
GOLDINVEST Consulting GmbH offers editors, agencies, and companies the opportunity to publish comments, analyses, and news on www.goldinvest.de. The contents are for general information purposes only and do not replace individual, expert investment advice. They do not constitute financial analyses or sales offers, nor do they represent a request to buy or sell securities. Decisions made on the basis of the published information are made entirely at your own risk. No contractual relationship is established between GOLDINVEST Consulting GmbH and the readers or users, as our information relates exclusively to the company and not to personal investment decisions.
II. Risk Disclosure
The acquisition of securities involves high risks that can lead to the total loss of the capital invested. Despite careful research, GOLDINVEST Consulting GmbH and its authors assume no liability for financial losses or the content guarantee regarding the topicality, correctness, appropriateness, and completeness of the published information. Please also note our further terms of use.
III. Conflicts of Interest
In accordance with §34b WpHG and §48f Para. 5 BörseG (Austria), we would like to point out that GOLDINVEST Consulting GmbH as well as its partners, clients or employees hold shares in the aforementioned companies. In addition, there is a consulting or other service agreement between these companies and GOLDINVEST Consulting GmbH, and it is possible that GOLDINVEST Consulting GmbH buys or sells shares in these companies at any time. These circumstances can lead to conflicts of interest, as the aforementioned companies remunerate GOLDINVEST Consulting GmbH for the reporting.
Risk warning: The purchase of securities involves high risks that can lead to the total loss of the capital employed. The information published by GOLDINVEST Consulting GmbH and its authors is based on careful research, but any liability for financial losses or the guarantee of the topicality, correctness, adequacy and completeness of the articles offered here is expressly excluded. Please also note our terms of use.
