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05:49
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Originally posted by Justis:
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LOL we can but speculate.As shareholders are aware, in the Smarts Underground, the Company has an advanced project located adjacent to the Karouni Mill with a current Ore Reserve of 1,082,000 tonnes @ 2.6 g/t Au for 89,400 ounces but with significant upside potential, and for which it has already received the majority of approvals required from the Guyanese authorities to proceed with development. It is the significant upside potential with Smarts underground that is attractive in the short term, try only did enough drilling to prove up current Ore Reserve of 1,082,000 tonnes @ 2.6 g/t Au for 89,400 ounces to use in a feasibility study. There is another 200k oz in resources that could be converted to reserves with more drilling and it's still open at depth and I think to the North West as well.
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broken through strong resistance, up to 2000 we go again no doubt. A booming gold price should help things move smoothly. No doubt with inflation at 40 year highs and no doubt going higher and Russia unfortunately invading Ukraine, gold is going much higher in coming months.
