The samples from the drilling programme are currently in the lab (According to the quarterly) with results out in the coming weeks....
This could be the catalyst for our next leg up, and if its then shortly followed with the first gold pour then its hard to see it pulling back to these levels again!!
Remember this company aims to increase production to 100,000 ounces per year.
At current priceof $1,400 (and cost of $600) per ounce
thats = $800 x 100,000 = $80m per year
with a 14 year mine life (1.47million ounces)
Hard to see this market cap ($50m) lasting post the first gold pour...
Patiently waiting
Disclaimer - The above represents my opinion only and should not be used as the basis to any investment or financial decision. Always conduct your own due diligence first.
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