True Daza, only for stage one. But you know Stage one will most...

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.