Well I was close to right expecting an increase of 100% i.e. doubling of resource after economic factors. So 6.1 Mt added WITHOUT the effect of economic reset,through drilling and definition.
I am picking the latest announcement is missing a figure in NPV. 160 last time to 38m now would imply a doubling should be closer to 380 given gold is up and U.S 3.85 is at .65 for costs.
regards,
Fitnfam
DYOR + DYODD ---YEEHA - mine life up to double initial plan or an excuse to work on doubling production immediately,given the savings/profits to be had.Note the comments on current mining geology is stable but more work on extending mining widths,means if successful greater ore yields and less ore left behind. First step in the re-rate Kaaaaaching
HGO Price at posting:
6.6¢ Sentiment: Buy Disclosure: Held
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