The forestry permit was mentioned during my conversation with Brad. I dont think getting the permit is an issue, time on the other hand is of an essence here. Might take a while.
The heap leach scenerio results have provided the management a conclusion that this processing is an attractive economical option for them. Correcting my previous post, 2.4mil oz (0.55g/t gold) at $1000/oz and 80mil oz (18g/t silver) at $20/oz is still a massive amount. My understanding is with this option, you get much more in quantity but at lesser metal(Au&Ag) content, but economically, you get more $$$ based on a larger quantity.
So far, the announcements have been very positive & timely. I am only skeptical about the SP, which looks like it is being adjusted/manipulated to reflect the SPP value. Perhaps it does not look good if the SPP discount is too high comes 17th Decemebr. (Meaning SP will waver around $1.90-1.92 during now to then, which SPP value is a 5% discount)
FB
IAU Price at posting:
$1.94 Sentiment: Hold Disclosure: Held
