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Cardinal puffs chest out in London

Cardinal Resources (ASX:CDV) is on track to be a sizeable West African gold producer, and CEO Archie Koimtsidis has the confidence to match.

Cardinal puffs chest out in London Cardinal puffs chest out in London Cardinal puffs chest out in London Cardinal puffs chest out in London Cardinal puffs chest out in London

More to come: BMO forecasts a reserve of 7Moz, so there could be more gold in the Namdini FS

He told a room of bankers in London this week he didn't need their financing help (yet).

"Our cash position is …. A$35 million (US$25 million), so that will see us through to produce the [feasibility study] and beyond, so we're good for the next 12-18 months or even two years," he said.

He is sitting on a reserve of 4.67 million ounces at Namdini, and a gold price of US$1,250 per ounce will give the project a post-tax...