Dekel Golan, chief executive of Charaat Gold Holdings Ltd (LON:CGH), says the company aims to become a producer via a starter project which could result in an overall re-rating of the project.
The exploration and development company has assets in the Kyrgyz Republic which Golan believes can be put into production: “We’ve completed the feasibility study. We have the mining licence. We’ve acquired the land of the property. We are ready to get to the next step.”
It is also Golan’s belief Charaat will eventually be taken over by a mid-sized gold producer, but an acquisition is not contingent on the company becoming a gold producer first.