RSG Valuation, page-142

So... I just read a article from 2 weeks back... (probably already been posted?)

courtesy of @fbx258

Resolute Mining to open 3Moz Mali gold mine end-2018 - CEO ( I don't really like title, the open pit mine is already running obviously )


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Australia's Resolute Mining will start producing gold from a three-million-ounce underground deposit at its Syama gold mine next year, its CEO told Reuters.
In an interview while visiting Mali's capital Bamako this weekend, Resolute Mining CEO John Welborn also said a recently discovered adjacent deposit called Nafolo was expected to yield between 1.5-million and 2-million ounces of recoverable gold reserves.

The Syama gold mine had already produced around 2-million ounces from open pit mining at its surface before it was exhausted in 2015. However, there remain a further 3.1-million ounces of recoverable reserves deep underground.
"We will start underground production from the end of 2018. The preparatory work for the construction of this underground mine has already begun," Welborn told Reuters.
He added that Syama's production would be 250 000 oz/y, up from the 200 000 oz it produced as an open pit mine, and it would last until 2028. The necessary investment in the mine would be $100-million, he said.
Regarding the Nafolo project, he said "evaluations are in process which in the coming months will yield a precise estimate, but I can tell you already that reserves are going to reach 1.5-million to 2-million ounces."
Mali is the third biggest gold producer in Africa behind South Africa and Ghana, and has attracted investors including Randgold Resources and AngloGold Ashanti.

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My main question is.... um, is this price sensitive? I mean a possible 2m ounces of extra reserves... economically producible gold... giving Syama a possible 20 years of production rate of 250k??  Not complaining but seems well, kind of important.

Happy holder either way