very interesting with gold prices on the rise, the company has decided not to sell mt Mackenzie... instead they will retain it.... my bet is once they establish the economics of vat leach they will expand vat leach to mt Mackenzie
current MRE at mt Mackenzie has been estimated at 3.42MT @1.18g/t gold and 9g/t silver for a total of 129,000 oz gold and 862k oz silver
129,000 oz of gold is worth a fair wack at todays market price!!
further to this company is confident first gold pour this quarter
glah
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3
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