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General Chat, page-1760

  1. 390 Posts.
    lightbulb Created with Sketch. 496
    Great question,its not clear at this point at all.

    Meanwhile i would be carefull with the 10Moz resource expectation at the next global resource upgrade, as Chris clearly indicated in this crux interview that they aim for the Korbel valley to become eventually a 10Moz resource and they hope that the next resource upgrade will bring us significantly closer to it. You can listen to it yourself at around the 10 minute mark. Me personally after this interview i expect that we will add in the next ~10month 2-3Moz to the resource,also if history is any guide from last year than probably that will be the ball park of the resource increase.

    10Moz is most probably a story of 2022 and beyond so probably 18 to 24 month away if i try to put a timeframe. Anything shorter than that would be a positive surprise for me. That kind of rare gold projects with good economics and reasonable capex, certainly will command premiums compared to the general gold market,so at that time if things fall in place as we expect i think we will cross a billion dollar valuation.
 
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