Federation is pretty simple. We've probably spent $80 million so far and will spend another $50 mil this year. All has been funded from cashflow. Now I wonder why we spent that money? So we are now mining Fed. My calculation showed we have about $2.5 billion of metals there using conservative prices.
Here's a good interval.
FDD086
250m depth
21.5m
31.9g/t Au
37.5% Pb/Zn
1 Includes
6m
110.9g/t
It looks like a winner to me. I can't wait for further drill results to extend the LOM beyond the now predicted 2032. It would be nice to find more gold at the above grades.
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