Ann: Korbel Gold Project Starter Pit Scoping Study, page-56

Not sure what all the fuss is about. The numbers are in line with what Chris has previously said. Only difference from what I can see is the CAPEX is much higher. Not super happy about that, but payback period for 3 years was always going to be in a range of 20% IRR.

The numbers look similar to the Vic gold numbers, similar IRR and Capex. They obviously had the advantage of being closer to power etc

https://vgcx.com/news/victoria-gold-files-ni-43-101-feasibility-study-for-eagle-gold-project/



so for all the noise to say it’s a dead duck, considering VIC Gold and others have made it work - wow! Let alone we have nearly 10m oz of gold, the SS is based on 15 years of mining. That’s a very long mine life at 200k oz pa for 10m+ ounces and more prospects to come online later.

Funny how the usual guys come out saying it’s dead in the water, and it’s going back to 60c, yet they continue to hold? Wouldn’t you just sell?