In this deep dive series, we discuss TriStar Gold (TSXV: TSG / OTCQB: TSGZF), a company that owns 100% of Castelo de Sonhos in Pará, Brazil, at 1.8Moz indicated, 0.7Moz inferred, 1.4Moz probable. The 2025 PFS of US$2,200 gold shows US$603M after-tax NPV5, 40% IRR, US$1,111 AISC and a two-year payback. At higher gold the leverage will be huge. However, a federal Civil Public Action over Indigenous consultation still caps the valuation. We run the numbers, the cap table, and why this stays watchlist-only until the legal path clears. Know more by viewing the full series now.
Presentation slides:
Full written analysis at the original article here:
