3 prospects. The 1st is a dud, the 3rd targeting mean of 500k ounces.
Deep & generally narrow deposit, subject to pinching & swelling.
If the grade was not high, it would not be worth it.
Thus, no need to get carried away with the grade, since the depth will take away the cost advantages due to grade.
It is a small deposit. Political risk may value it at $100 /oz, max
300k oz is worth $30m
forget the hype about billion dollar companies
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- $6m m/c $3.2m cash 46.1m @ 5.40g/t au
$6m m/c $3.2m cash 46.1m @ 5.40g/t au , page-61
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