Ann: Cannon Mine Go Ahead Approved, page-6

True Daza, only for stage one. But you know Stage one will most likely have the best economics as its from surface and most likely will have the lowest strip. I am careful to believe any company targets of production with a actual reserve in place. The reality of what is actually recoverable is always harsh.

With grades of ~3g/t Au I doubt their will be an UG. I would be concerned about their options once they have finished this first stage $2M will only last so long, but just my opinion - I'm not retired yet either!

I am looking at GME as a comparison, though they mined 5 g/t Au dirt. GME had a run when they were mining so I think you are right about a rise during production.