Federation is pretty simple. We've probably spent $80 million so far and will spend another $50 mil this year. All has been funded from cashflow. Now I wonder why we spent that money? So we are now mining Fed. My calculation showed we have about $2.5 billion of metals there using conservative prices.
Here's a good interval.
FDD086
250m depth
21.5m
31.9g/t Au
37.5% Pb/Zn
1 Includes
6m
110.9g/t
It looks like a winner to me. I can't wait for further drill results to extend the LOM beyond the now predicted 2032. It would be nice to find more gold at the above grades.
Federation is pretty simple. We've probably spent $80 million so...
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